The downward swing phase | 13 August 2015

13 August 2015, EUR/USD

Daily chart: the downward swing is actively being developed. The optimum depth of the pullback is 1.0915, from where bulls can reach 1.1380 by the next swing (with the corresponding time count).

The alternative may be the deepening to 1.0825, where, as we remember the local bullish Over&Under is (the red arrow).

The downward swing phase

Hourly chart: the downward swing phase. The start of the new upward swing is probable in 1.10.

The downward swing phase

Scenarios: so, wait for the decline within the pullback. You can monitor the signals upward in 1.10.

Trading solutions:

1) Wait for the buy signals at the end of the downward swing on Н1.

Aleksey Panasenko
FreshForex Analyst
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