We are looking for signals down | 29 October 2015

29 October 2015, EUR/USD

The daily chart: after a short swing up bears hit with their trend swing downward. Sellers are very strong and, despite possible closing IB today, I would recommend to look for the entrance point only down.

H1: the same picture - a strong bearish momentum and formation of rising swing at the end of which we can open Sell trades based on the expectation that the price will reach new lows.

Expectations:

1) Decline in the near future to the 8th figure and consolidation in it. 2) IB at the end of the day (ie trade within yesterday's range)

solutions: There are no entry signals yet, so the tactic now is to find short-signals targeting 1.08

Aleksey Panasenko
FreshForex Analyst
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