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

Aleksey Panasenko
FreshForex Analyst
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