Wait for downward swing | 10 August 2015

Daily chart: When output NFP data on Friday bulls received a significant fuel in the development of the upward swing, so there are two scenarios to continue - a direct growth continuation, or pullback to 1.0825, where demand is concentrated on the euro in the O&U pattern.

Hourly chart : as we see the structure doesn’t have a direction yet (there is a cross of bottoms/peaks of the structure), so we should wait for downward swing development.

Scenarios: so, wait for the downward swing to 1.09 and then probably to 1.0876 and 1.0825.

Trading solutions:

1) There are no sell signals, so you have to wait patiently their appearance, or simply to pass downward movement to search for a signal to buy at the end of it.