Bears have good chances for correction | 15 September 2015

15 September 2015, EUR/USD

p>The daily chart: some weakening of the rising front. So, we will either see another intermediate swing down (before northern movement within the overall upward structure) or bulls will be able to modify the upper targets under the same rising swing.

Bears have good chances for correction

H1 chart: the price has formed a local bearish pattern Over & Under from the zone 1.1349 (penultimate top). Break of this setup would be a breakdown of the last Top (1.1372)

Bears have good chances for correction

Expectations:

1) Hitting 1.1349 and drop to 1.1260

2) With growth above 1.1372 - waiting for finalization of 1.15.

solutions: 1) We sell from 1.1349 to 1.1260 2) Buy again from 1.1260 to 1.15, 1.1750 (in the Medium run)

Aleksey Panasenko
FreshForex Analyst
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