Descending scenario has an advantage | 03 August 2015

03 August 2015, EUR/USD

D chart: the pair on its flanks has by one counter Over&Under left (bearish of 1.1380 and bullish from 1.0825), so we have to consider the possibility of developing swings in both directions.

Descending scenario has an advantage

H1 chart: swing-up has been already formed, so development of the downward swing is possible (update: at the moment of releasing this review, such downward scenario has just started).

Descending scenario has an advantage

Scenarios: we wait for a gradual decline, with an eye on 1.0825 through the "station" 1.0920, 1.0893..

Trading solutions:

1) You can try to sell to 1.0920, 1.0896, 1.0825 with Stop orders set above the last swing (1.0996).

Aleksey Panasenko
FreshForex Analyst
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