The outlook is made by the Department of Wave-and-Volume Synthesis, Masterforex-V Academy.
This is the H1 chart of EURUSD.
At this point, there is an intrigue concerning whether the green-arrow move is completed. According to the experts, the answer will be positive if the price consolidates below 1,3280 and the green moving average.
In previous outlooks for senior timeframes, we already told you about a possible downswing from 1,3417 since July 18th. The green arrows on H1 may turn out to be waves 1 and 2 (consolidation below the 1,3030 volume cluster would be a confirmation sign). Still, the upswing started on July 9th doesn’t fit into the scenario. Anyway, the battle for the 1.3380 level will be more interesting.
M15 chart:
Pay attention to the move market with red arrows. It started on August 2nd. The biggest volume cluster volume cluster of the move is 1,3280. The price hasn’t overcome 1.3400 so far. Last week, EURUSD made a downswing (blue arrows), with the biggest volume cluster at 1.3383. Consequently, the bears won the battle for 1.3395. The following redistribution of trading volume will show whether they will manage to stand the gaff. The closest support/resistance levels are 1,3280 and 1.3380.
