Equally probable scenarios | 06 October 2015

06 October 2015, EUR/USD

The daily chart: the situation with equally probable outcomes - after establishment of a new local High, bears finalized the inside bar, so the price may equiprobably develop a new swing up and break under 1.1134 with threat of a further drop to the area 1.1007

Equally probable scenarios

H1 chart: Local Over & Under-up can develop swing up, while maintaining the overall downward structure. Thus bears will retain the possibility to attack.

Equally probable scenarios

Scenarios:

1) Growth to 1.1280 (preserving support 1.1171)

2) drop to 1.11 and possibly to 1.1007 (on a break under 1.1171)

Aleksey Panasenko
FreshForex Analyst
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