Purchases to 1.1376 after a downward pullback | 09 October 2015

09 October 2015, EUR/USD

The daily chart: a well expressed bullish momentum, but the structure still has only one intersection up, so we can count on a rolling swing down (supposedly - from resistance 1.1373 into the zone 1.1200-1.1220).

Purchases to 1.1376 after a downward pullback

H1 chart: a confident rising local structure in the beginning phase of a possible downward swing (obtained bearish IB at the end of the upward swing). Skipping this potential pullback and enter the trend up in the area of ​​1.1260

Purchases to 1.1376 after a downward pullback

Expectations: So, we wait for a pullback to the area of ​​1.1260 from current levels, and then start up to break the last Top (1.1346), with an eye to 1.1376

Solutions:

1) Buy from 1.1260 to 1.1376

Aleksey Panasenko
FreshForex Analyst
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