Bulls need the patience | 14 August 2015

14 August 2015, EUR/USD

Daily chart: the upward swing may be continued to the ‘big” bearish Over&Under (1.1386), But we can’t ignore the scenario of the downward swing formation.

Bulls need the patience

Hourly chart: the upward swing is not finished. We will enter up only after the formed downward swing. We need to be patient.

Bulls need the patience

Scenarios: wait for the breakthrough above 1.1213, then the pullback down to 1.1150, from where we can buy and keep to 1.1386 (extraday).

Trading solutions:

1) Buy at the pullback down (supposedly from 1.1150), to the middle-term target 1.1386

Aleksey Panasenko
FreshForex Analyst
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