10 November 2015, EUR/USD
Daily chart: bulls treat yesterday bullish inside bar pretty infantile, that could be let them conduct 2-days upward correction. Now we need only to watch how today’s day will be closed and if IB will be broken down.
Hourly chart: the forming phase of downward swing. The bears’ target is not to let price to go upper the last peak (1.0789) and break the last bottom (1.0705). Straight trading setups are not there.
Scenarios: 1) Decline from current levels under 1.0705 and fixing in the 6th figure. 2) It is not able to break under 1.0705 and keep a correction tomorrow. Trading solutions: 1) Sales are possible on the trend according to the stops on the last local peak (1.0789)