Adding Long positions around 1.1244 | 11 September 2015

11 September 2015, EUR/USD

The daily chart: a continued upward development of the upward swing and everything is smooth with no signs of reversal. The optimum height of the current swing is 1.1750-1.1800. Break of the last top is required.

Adding Long positions around 1.1244

H1 chart: the long upward swing allows bears to conduct correction. We will look for a new entrance in the upward direction on the end of the downward swing. 1.1234-1.1244 seems to be a good area for Buying, which is formed by the two last punched Tops.

Adding Long positions around 1.1244

Expectations: So, we wait for the downward swing 1.1234-1.1244 and a new upward swing with a break in the 14th figure.

solutions:

1) We keep buying

2) In the area 1.1244 we add one more position in the upward direction. Intraday target is 1.14, overall - 1.1750.

Aleksey Panasenko
Analis perusahaan "FreshForex"
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