Northern Spring | 02 September 2015

02 September 2015, EUR/USD

The daily chart: the price continued development of the upward swing, which goal is breakdown of the last Top(1.1711).

Northern Spring

H1 chart: compression between the swings. Exit will be in the upper direction, so a question is whether bulls act immediately (blue arrow) or the same spring will continue (red arrow) to work.

Northern Spring

Scenarios: So, we wait for a rise above 1.1332 and determination to 1.14.

solutions: 1) Purchases to 1.14


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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