Possible target of bulls - 1.1458 | 08 Oktober 2015

08 Oktober 2015, EUR/USD

The daily chart: active beginning of the day from bulls that are not even allowed to form a downward swing. Accumulation was durable, so it is quite possible that buyers will be able to reach 1.1458 by the given momentum

Possible target of bulls - 1.1458

H1 chart: as we see, there is no full reverse (according to the rules of swings), because we still have only one intersection of the structure up. Therefore, we are waiting for a pullback in the downward swing and then follow formation of long-signals to enter the movement towards 1.1458. The best area for such purchases is 1.1260-1.1280

Possible target of bulls - 1.1458

Expectations: So, we wait for growth toward 1.1458, but we need to roll back the 1.1260-1.1280 zone which can happen either not. Therefore, there is nothing left but to wait.

solutions: buy on a rollback down in the zone 1.1260-1.1280 with the target 1.1458.

Aleksey Panasenko
Analis perusahaan "FreshForex"
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