Falling flat | 04 August 2015

04 August 2015, EUR/USD

The daily chart: still a downward structure, with no signals for making purchases either sales. On the one hand, it talks about the higher probability of decline around ​​1.0825 (where we have ​​demand area for the euro within the framework of the pattern Over&Under), on the other - about the likelihood of break-even of coming events..

Falling flat

Hourly chart: here we also have a downward structure, so, apparently, 1.0996 is the last resistance zone, where the latest local High is located and it where the last local bottom (1.0930) can be attacked

Falling flat

Scenarios: growth to 1.0980 area and then fall to 1.0920.

Trading solutions:

1) Sell from 1.0980 to 1.0920 with Stop orders set above 1.0996.

Aleksey Panasenko
FreshForex Analyst
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