A downward day's swing is about to be formed | 27 August 2015

27 August 2015, EUR/USD

The daily chart: formation of the downward swing continues, which requires update of the yesterday's Lows (swing lacks one downward intersection). The best entrance area is the medium-term purchase along the trend - 1.1150-1.1200

A downward day's swing is about to be formedг

H1 chart: a descending pattern suggests a pullback in the upward direction. If there is a full swing, we shall enter down from 1.1450-1.1500 and then we wait for a bearish signal RA.

A downward day's swing is about to be formed

Scenario: So, we wait for a certain decline and then an upward swing towards 1.1450-1.1500.

solutions: 1) We expect with sales in the area ​​1.1450-1.1500 and targets on new lows according to H1. 2) It may have a sense to enter upwards within the upward swing when up-signal is impressive.

Aleksey Panasenko
FreshForex Analyst
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