Swing scenario on the euro | 14 October 2015

14 October 2015, EUR/USD

The daily chart: structure of the chart continues to be non-directional and only some bullish momentum in it hints that the overall trend is accumulation to the north. But - no more than "hint"

Swing scenario on the euro

H1 chart: local upward structure retains its relevance. To retain it, buyers need to break the last High (1.1310). To change trend, bears need to break through the last bottom (1.1354)

Swing scenario on the euro

scenario:

1) In the case of rising above 1.1410 - the tendency to move up continues. In this case, look for the entrance to Buy on the downward swing (see. the blue arrow on the hourly chart) 2) With the leave under 1.1354 - a rising structure will be considered broken and we shall be looking for entries down on the rollback up.

solutions: 1) We act based on one of the scenarios described.

Aleksey Panasenko
FreshForex Analyst
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