Possibility of Channel Breakout

2 Oca 2016

EURUSD Here's how I see it. Possibility of challenging bottom end of channel zone at 1.0807, as supported by 2 earlier trough points created in December. The flag pole created in early December is somehow correlated with the pricing direction pair of USDJPY. Should the USDJPY strengthen, or breakout higher, this action will put downward pressure on EURUSD, thus invalidating the flagpole bullish pattern.