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We buy euro from 50% of yesterday's Pin

We buy euro from 50% of yesterday's Pin | 10 September 2015

10 September 2015, EUR/USD

The daily chart: a number of long signal confirming the overall northern direction for the euro - an inside bar, then two pinbars. Euro is being paid off, so we are to take a position on any declines. We expect a new entrance from 50% yesterday's pinbar (zone 1.1175)

We buy euro from 50% of yesterday's Pin

H1 chart: after one intersection down bulls were able to cancel this (as intersections of the last top). It also speaks about bullish Momentum.

Skip the swing down and buy.

We buy euro from 50% of yesterday's Pin

Expectations: so, we expect downward swing to 1.1175, where to buy based on medium-term growth of the euro above 1.1711.

solutions:

1) Buy from 1.1175 to 1.1750 (in the Mmedium run). Intraday you can take profit within 100 pp of movement.

Aleksey Panasenko
FreshForex Analyst
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