Buy from area 1.1216 | 16 September 2015

16 September 2015, EUR/USD

The daily chart: the downward swing is ready, but does not look as finished. In front there is a very strong pivot (1.1216), from where a new strong upward swing is likely to begin. All this, of course, is relevant as long as the chart has a rising structure.

Buy from area 1.1216

H1 chart: Local descending structure looks perfect. Therefore, NO purchases without pattern Over & Under (either expressed pinbar).

Buy from area 1.1216

Expectations: waiting for a decline to the area 1.1216 and then surge up and beginning of a new rising day swing.

solutions:

1) Buy from area 1.1216.

Aleksey Panasenko
FreshForex Analyst
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