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Expecting growth to 1.14

Expecting growth to 1.14 | 21 October 2015

21 October 2015, EUR/USD

The daily chart: so far, everything followed our expectation of a continuation of the rising structure, although we must admit that the swing is moved up by bulls without much enthusiasm. If today they do not reach a new high, it is quite possible that the downward correction would continue.

H1 chart: ocally - rising structure. Therefore, we expect new highs (above 1.1386)

Expectations: Expecting growth to 1.14. The current movement is slow enough and there are no expressed entry signals. So we are based on the expectation of reaching new Highs by the price. Entry signals will be discussed by us in the tomorrow's reviews.

solutions: We expect growth to 1.14, but now we have nowhere to go. I suggest to wait until it gets clear and ideally we need a downward rollback to look for upward entries.

Aleksey Panasenko
FreshForex Analyst
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