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Increase to 1.1293 is possible

12 May 2015, EUR/USD

Day chart: bears revise the price directly to the area where they can fight for the formation of reversal pattern Over&Under (this is red area, mark 1.1066). In this situation persists the duality of possible further options. If the current day closed with internal bar - it is a prerequisite for buying tomorrow. If O&U formed, then we will still expect the entrance for the sell is much higher in the region of 1.1280. Conclusion - now the best srategy is waiting. As options for intraday trading - consider them below, in the junior charts.

Increase to 1.1293 is possible

Н4: there is an up trend, but 1.1293 level is a strong resistance

Increase to 1.1293 is possible

Н1: locan upward trend.

Increase to 1.1293 is possible

Foresight: growth to 1.1293 area and then a fal towards 1.1089

Trading decisions:

1) Buy to 1.1293.

2) Sell from 1.1293 to 1.1089

Aleksey Panasenko
FreshForex Analyst
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