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Fight

09 June 2015, EUR/USD

Daily chart: a rather aggressive correction by two bearish patterns (пин + O&U), but they still have an effect. Only move above 1.1466 will break O&U, but we can suppose that Stops on Pinbar (growth above 1.1379) also can speak for a full catch of initiative by bulls.

Fight

Н4: absolutely similar picture. Bears need to get under below the middle Bollinger band (1.1220) urgently to be able to nullify achievements of buyers.

Fight

Н1: Support is even better shaped on the middle Bollinger band (1.1252)

Fight

Expectations: So, with the leave under 1.1259, bears will keep on getting the price down in the direction of 1.1063 and 1.08 (in the middle term). If bulls manage to get above 1.1379, our present patterns will fail and potential for attack will be 1.1466.

Trading decisions:

1) Keep sales open.

2) If sales work on Stop orders (break of 1.1379), we shall start searching entrance to 1.1466.

analytic
FreshForex Analyst
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