05 Oktober 2015, EUR/USD
The daily chart: as we see, with the Friday "prick" bulls have kept for themselves the overall ascendingstructure. Yes, we have not seen a confident Close, but the fact is that bearshave no two consecutive intersections swings down, which means there is no trend reversal downwards. Again, considering these scenarios will only be possible with the price getting under the last support (1.1134, black arrow). In the meantime, we should look for correct entry points up
.png "Swing scenario for the euro on Monday")
H1 chart: here we also have a confident rising structure and have already received the IB at the end of the downward swing, so if the markets do not open with a gap, you can look for purchases with Stops below the last bottom (1.1150) and the objectives above last Top (1.1318)
.png "Swing scenario for the euro on Monday")
scenarios:
1) growth above 1.1318 and aiming at 1.1458. 2) with the price getting under 1.1150, look for sales on a pullback in zone 1.12.
solutions: 1) buy to 1.1350, with stops below 1.1150. 2) In the second scenario - we are looking for a sell signal in the area of 1.12
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