The best trading plan for the euro is to Wait | 02 November 2015

02 November 2015, EUR/USD

The daily chart: the upward swing is not equipped with another intersection up, so the main issue for today is the question: "will bulls breakt the last top 1.1095 with their swing helping them to form reversal Over&Under? Or bears won't allow them and will preserve the downward trend? ". The answer will be discussed in the tomorrow's review. Currently scenarios are equally probable.

H1: local uptrend. To break this structure, sellers need to break through the last bottom (1.0986). Buyers, in turn, need to break through the last top (1.1073)

Expectations:

1) decline from current levels at 1.0986 aiming at 1.09 2) rise above 1.1073 and focus on 1.1095

solutions: no entry signals yet, the best option is to wait for clarity, when one of the described scenarios is confirmed.

Aleksey Panasenko
Analis perusahaan "FreshForex"
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