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).

Aleksey Panasenko
FreshForex Analyst
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