Looking forward to selling within the frames of bearish | 29 July 2015

29 July 2015, EUR/USD

Daily chart: meanwhile it is unclear whether the day will close another Inside bar, or will arrange a false upward move (to the pivot zone of 1.1129-1.1149). We can only wait. However, the medium-term scenario is already well-shaped - touch of zone 1.1129, a decline to the area of ​​1.0825, then growth to 1.1380 to the "big" bearish O&U.

Looking forward to selling within the frames of bearish O&U

Hourly chart:trading opportunity - is a local bearish O&U from 1.1110.

Looking forward to selling within the frames of bearish O&U

Scenarios: So, we wait for growth to 1.1110, and beginning of decline towards 1.0825

Trading solutions

1) Sell ​​from 1.1110 to 1.0825 (extraday)

Aleksey Panasenko
FreshForex Analyst
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