EUR / USD h1. Variants of traffic development 04_11 September 2018 Analysis of APLs & ZUP
Euro vs US Dollar
Previous review of August 29, 2018 10:29 UTC + 3.
The further movement of the single European currency EUR / USD in the period of September 4-11, 2018 will depend on the direction of the breakdown of the range:
-> resistance level 1.1600 (control line LTL forks operating scale Micro);
-> support level 1.1565 (the upper limit of the channel is 1/2 Median Line forks operating scale Minuette).
The outlook for the development of the downward movement (sell)
The breakdown of the support level of 1.1565 -> the continuation of the downward trend and the development of the EUR / USD movement in channel of 1/2 of Median Line Minuette (1.1565 <-> 1.1510 <-> 1.1460) with the prospect of reaching the upper limit of the working-scale fork of ISL38.2 (1.1445) Minuette and the median line Median Line Minuette (1.1375).
See the schedule for details.
The outlook for the development of the upward movement (buy)
The breakdown of the resistance level of 1.1600 (LTL Micro control line) -> variant of the EUR / USD upward movement to the targets -> SSL Micro start line (1.1635) <-> SSL start line (1.1660) Minuette operation zoom <-> channel 1/2 Median Line Micro (1.1670 <-> 1.1695 <-> 1.1715) <-> maximum 1.1734 <-> lower limit ISL38.2 (1.1745) of the equilibrium zone of the forks of the operating scale Micro
The details are shown in the graph.
The review is made without taking into account the news background and is not a guide to action (placing orders “sell” or “buy”).