EUR/USD h4. Options for the development of movement 17.10-31.10.2018. Analysis of APLs & ZUP
Euro vs US Dollar
Previous review from 03.10.2018 18: 21 UTC+3.
Further development of the movement of the single European currency EUR/USD in the period 17.09-31.10.2018 will depend on the direction of the breakdown of the 1/2 Median Line channel borders (1.1510 <-> 1.1575 <-> 1.1615) of the Minuette operational scale.
The layout of the options for movement within the 1/2ML channel of the Minuette operating scale is presented in the animated chart.
The prospect of upward movement (buy)
If the resistance level 1.1615 (upper border of the channel 1/2 Median Line Minuette) with a subsequent break above the upper border of the channel 1/2 Median Line (1.1630) fork operational scale Minute and ISL38.2. (1.1640) -> development of the movement of EUR/USD to the zone equilibrium (1.1640 <-> 1.1700 <-> 1.1755) fork operational scale Minuette.
Details are shown on the animated chart.
The prospect of the downward movement (sell)
The breakdown of the support level of 1.1535 (lower boundary of the channel 1/2 Median Line Minuette) -> the option of continuing the downward movement of the EUR/USD to targets -> lower limit (1.1510) channel 1/2 Median Line Minute <-> upper limit of ISL38.2 (1.1460) equilibrium zone of the fork of the operational scale Minute <-> local low of 1.1432 <-> control line LTL Minuette (1.1400) with the prospect of reaching the median line (1.1375) Median Line Minute.
Details look at the animated chart.
The review is made without taking into account the news background, the opening of trading sessions of the main financial centers and is not a guide to action (placing orders to “sell” or “buy”).
ZUP and Andrews’ Pitchfork (terms, concepts, parameters).
Materials for the study of analysis ZUP & APL’s.