Downward structure is preserved under the level 1.1093 | 19 August 2015

19 August 2015, EUR/USD

The daily chart: swing down has been completed, but its overall length is far from being exhausted. However, bulls show claims to the inside bar today. If they succeed, then tomorrow we will definitely buy.

In the meantime, we are based on the possibility of decline to 1.0915 zone, where we will have an attractive stop for buying(red arrow). Black arrows indicate a scenario where bears finalize the local O & U down.

.

Downward structure is preserved under the level 1.1093

h1 chart: as we see, a downward structure protected by the area of thelast Top (1.1093), above which reversal bullish Over & Under will be formed(scenario black arrow).

Downward structure is preserved under the level 1.1093

Scenarios:

1) Declien from 1.1080 to 1.0915

2) with a break above 1.1093 - 1.1051, we are waiting for a roll back and buy in the medium-term to 1.1380

solutions:

1) Sales from 1.1080, Stop order 1.1096, TP 1.0915

2) with a break above1.1093 - we shall put Buy Limit 1.1055, Stop order 1.1005, TP 1.1380 (in the middle term)

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .