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Will bulls preserve the rising structure?

Will bulls preserve the rising structure? | 03 September 2015

03 September 2015, EUR/USD

The daily chart: bearish inside bar with a retest of the previously bullish IB, which meanwhile is according to the scenario of growth. However, in the case of loss of the last bottom (1.1155) , the chart will reverse.

Will bulls preserve the rising structure?

H1 chart: 1.1204 acts as support and bulls are better not to lose it, because in this case the local structure will turn to be descending.

Will bulls preserve the rising structure?

Scenario: 1) Start up from current levels (1.1204) to 1.13. 2) Decline under 1.1204. In this case, it is important whether buyers manage to retain 1.1155 to save the day rising structure.

solutions:

1) Looking for Long-signals around 1.1155-1.1204.

Aleksey Panasenko
Analis perusahaan "FreshForex"
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