Looking to buy around 1.1140-1.1165 | 21 August 2015

21 August 2015, EUR/USD

The daily chart: Euro has definitively established bullish trend . Now we will wait for the movement to 1.1386, where there is a significant offer to sell as part of a bearish Over & Under. Entrance to 1.1386 requires a downward swing.

Looking to buy around 1.1140-1.1165

H1 chart: not to break the upward structure, bulls need to cut the downward swing around 1.1140- 1.1165 and start out to new highs.

Looking to buy around 1.1140-1.1165

Scenarious: So, we wait for a rollback to 1.1140-1.1165, and then the upward swing at least 100 points.

Торговые solutions:

1) Buy from around 1.1140-1.1165 for 100 points (either a retention of a position to 1.1380).


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
Aleksey Panasenko
FreshForex Analyst
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