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Waiting at 1.1390 with Limit orders prepared

04 June 2015, EUR/USD

Daily chart: The price has closely approached to O&U (1.1390), from where we are waitig for a new downward wave in the middle run.

Waiting at 1.1390 with Limit orders prepared

Н4: situation is similar here, wait when area 1.1390 is touched.

Waiting at 1.1390 with Limit orders prepared

Н1: signs of coming reversal - divergency, oversoldness, weak ADX.

Waiting at 1.1390 with Limit orders prepared

Expectations: price will hit 1.1390 and start decline with first targets in area 1.1150.

Trading decisions:

1) Waiting at 1.1390 with Limit sale order in the area 1.1390 with middle-term goald at 1.08. This week we can take profit in the area 1.1150.

Aleksey Panasenko
Analyst of «FreshForex» company
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