16 November 2015, EUR/USD
Daily chart: Friday was closed by the ambigious the inside bar. It can not be interpreted only as the end of the upward swing in view of the very high Close price. Therefore, despite the overall structure is still downward, move up it is possible (in particular in the form of false breakdown of the IB). Bears may try to trade this formation to break the bottom wall of the IB. (1.0713)
H1: dynamic upward swing with no apparent signs of completion. If bulls can break above the last top (1.0829), locally rising structure will be set. Bears are obviously better to avoid it (see the red arrow), so any short signals around 1.08 will have a higher probability of working out.
Expectations:
1) Drop from 1.08 to break the last two swing supports (1.0713 and 1.0690)
2) If the price gets above 1.0829, the rising front up to 1.10 may become possible.
solutions: 1) Sales from 1.08 to 1.0650. 2) Buy trades aimed at breakdown of 1.0829 to 1.10
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