Buy within the frames of bullish O&U | 20 November 2015

20 November 2015, EUR/USD

Daily chart: active test of potential downward swing. But we know about the reversal pattern O&U on H1, so we are based on duality of the situation. The final confirmation of continuation of euro's decline is only breach of the last bottom (1.0617)

Buy within the frames of bullish O&U

H1: in the local upward structure there was a little, but breach of the last bottom, so it is likely that the start area of O&U (1.0640) will be successfully finalized after the upward swing.

Buy within the frames of bullish O&U

Expectations:So, after some growth we expect a new fall to 1.0640, from where you can buy euro for the next week.

solutions: 1) We wait with the limit Buy orders around ​​1.0640 and medium-term goals in the areas of 1.09-1.10. 2) With short-signal around ​​1.0735 - we will sell to 1.0640.

Aleksey Panasenko
Analis perusahaan "FreshForex"
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