The best trading plan for the euro is to Wait | 02 November 2015

02 November 2015, EUR/USD

The daily chart: the upward swing is not equipped with another intersection up, so the main issue for today is the question: "will bulls breakt the last top 1.1095 with their swing helping them to form reversal Over&Under? Or bears won't allow them and will preserve the downward trend? ". The answer will be discussed in the tomorrow's review. Currently scenarios are equally probable.

H1: local uptrend. To break this structure, sellers need to break through the last bottom (1.0986). Buyers, in turn, need to break through the last top (1.1073)

Expectations:

1) decline from current levels at 1.0986 aiming at 1.09 2) rise above 1.1073 and focus on 1.1095

solutions: no entry signals yet, the best option is to wait for clarity, when one of the described scenarios is confirmed.

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .