Bulls are likely to continue to attempt to reverse the trend | 25 November 2015

25 November 2015, EUR/USD

Daily chart: so far, buyers have failed to realize the full potential of the bull pin, but nothing prevents them from building at least a full swing up, for which they need to beat yesterday's high (1.0672). Both overHigh and swing will allow us to estimate the chances of correction (or even record an upward reversal if bulls will bring the pair above the last Top (1.0762).

Bulls are likely to continue to attempt to reverse the trend

H1: Bulls are trying to get out of the triangular range and at the time of the review was written, they encountered difficulties. Well, reversal of a strong trend - it's no joke. However, the local momentum is a well-shaped north, so I stick to the scenario of growth.

Bulls are likely to continue to attempt to reverse the trend

Expectations: rise above 1.0672, in an attempt to to gain a foothold in the 7th figure. The degree of success of this effort will depend on the fate of the upward reversal of the euro.

Trading solutions: buy to 1.08 (probably extraday)

Aleksey Panasenko
Analis perusahaan "FreshForex"
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