Two equally probable scenario | 09 September 2015

09 September 2015, EUR/USD

EURUSD H1. Yesterday the price overcame the level 1.1170. Now we have two equally probable scenario. 1) Growth from current levels; 2) Break down of the level 1.1170 targeting the previous price goal.

Intraday reversals with H1 timeframe according to terminal time of FreshForex: 10:00, 18:00.

Reversals of current week under H4 timeframe (numerology): September 7 at 08:00, September 11 at 00:00.

Reversals in current month: September 1, September 7, September 23.

All reversals listed in the review are assumed pivot points the dates may vary

Two equally probable scenario

Conclusion: Purchases at 10:00, also can consider buying at 05:00 on the level of 1.1170 with Stop at 1.1151 and Take Profit at the level of 1.1220. Sales shall be aimed at the breakdown of the level 1.1151 with Take profit at the level of 1.1035.

Бухонова Елена
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