Sales | 12 November 2015

12 November 2015, EUR/USD

Daily chart: significant achievement of bears. Formed upward swing without breakdown up of bullish IB at the end of the downward swing. This largely means an overwhelming advantage over the northern southern prospects. We expect decline from current levels with a view to the breakdown of the last bottom (1.0673)

Sales

H1: local upward structure. There are even new local highs, but in general - we are waiting for a downward reversal for the reasons stated in the comments above.

Sales

Expectations:

1) Drop under 1.0673 from current levels. Goals - 1.06 and 1.05

2) Preliminary move to 1.08 and then working down under the first scenario.

solutions: Sales to 1.06 and 1.05.

Aleksey Panasenko
FreshForex Analyst
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