Possible start of the upward swing | 24 September 2015

24 September 2015, EUR/USD

The daily chart: after the first intersection of swing down, bears could not accomplish another breakdown of structural support (1.1086), bulls were ready to offer absorption in response to that. This gives background if not for rising above the last Top (1.1458), but for at least, move into O & U (1.1373, black arrow)

Possible start of the upward swing

H1 chart: local Over & Under bullish zone of 1.1154. Buying from there is the best option.

Possible start of the upward swing

Scenario:beginning of the upward swing in the direction of 1.1373. expected area of ​​buying - 1.1154

solutions:

1) Buy from 1.1154 in the direction of 1.1173 (extraday)

Aleksey Panasenko
FreshForex Analyst
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