Waiting for sale after the upward swing | 05 August 2015

05 August 2015, EUR/USD

Daily chart: we are still waiting for finalization of 1.0808-1.0817 support area, where the upward swing is definitely starting, within which the long-awaited medium-term growth to ​​1.1380 & quot; through a large & quot; bearish Over&Under is possible.

Waiting for sale after the upward swing

Hourly chart: is a descending structure prevails here, so we are waiting for the entrance down after the upward swing. best possible area - 1.0935-1.0950.

Scenarios: waiting for a roll back into 1.0935-1.0950 and a decline to 1.0817.

Trading solutions

1) We sell after the upward swing from 1.0935-1.0950 to ​​1.0820

Aleksey Panasenko
FreshForex Analyst
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