Analysis method - “Gann Swings + Price Action”
August 20, 2018
Daily chart: Development of upswing continues in direction of the resistance area 1.1509-1.1529, where, at the moment, there is the most perspective target-area and also probable sell-off zone during new downswing.
H1: Local upward structure is in the stage of probable start of new trending swing. We expect further growth of the euro quotes in direction of the 15th figure.
Conclusions: Growth in direction of the 1.1509-1.1529 area.
Trading recommendations: Longs in direction 1.1509-1.1529.