Preparation for northern movement | 01 September 2015

01 September 2015, EUR/USD

The daily chart: As we expected, the downward swing has indicated its bottom, having formed the inside bar typical for reversal. We are waiting for beginning of a new ascending swing.

Preparation for northern movement

H1 chart: structure is torn and non-directional. This means that growth is unlikely to be impulsive, and we won't miss the entry, there is time for making the picture more certain.

Preparation for northern movement

Scenarious: waiting the designation of new local Highs (above 1.1262), then return to the area ​​1.12, and from there to formation of the main northern impulse.

solutions: 1) We expect a pullback down ( to the area of ​​1.12) and will buy based on medium-term growth.

Aleksey Panasenko
FreshForex Analyst
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