The euro-dollar pair is trading on the H4 frame. In a transverse channel it tends to rise slightly as shown in the above chart. The pair has gained positive momentum that will enable it to reach the upper leg levels of the channel at two points 1.1040 - 1.1065 from which the sale will be good with a proper stop loss. Traders are advised to go short on the 1.1040- 1.1065 levels
