EUR / USD h1. Variants of the development of the movement as of July 25, 2018 Analysis APLs & ZUP
Euro vs US Dollar
Previous review of July 18, 2013 12:22 PM UTC + 3.
EUR / USD is currently developing the movement in channel 1/2 of the Median Line (1.1680 <-> 1.1705 <-> 1.1735) of the operating-scale minuette, respectively, as further, during the period July 25_31, 2018, the price movement of the instrument will result – will be determined by the direction of the perforated channel.
I draw your attention to the fact that EUR / USD is “mirror” correlated with #USDX, and accordingly – when making trading decisions for this pair, it is necessary to take into account the development of the dollar index movement, which was considered earlier in the review of 18:22 on July 24, 2013 UTC + 3 .
The marking of the price movement of the instrument within channel 1/2 of the Median Line Minuette is shown in the chart.
The outlook for the development of the upward movement (buy)
The breakdown of the resistance level at 1.1.1735 (the upper border of the channel 1/2 of the Median Line Minuette) will make it important to continue the development of the EUR / USD movement to the boundaries of the equilibrium zones of operating-scale forks -> Micro (1.1745 <-> 1.1780 <-> 1.1810) and Minuette (1.1745 <-> 1.1790 <-> 1.1830).
The details are shown in the graph.
The outlook for the development of the downward movement (sell)
The breakdown of the support level 1.1680 (the lower boundary of the channel 1/2 of the Median Line forks of the operating scale Minuette) -> the variant of the development of the downward movement of EUR / USD to the targets -> local minimum 1.1655 <-> SSL Minuette start line (1.1625).
See the schedule for details.
The review is made without taking into account the news background and is not a guide to action (placing orders “sell” or “buy”).