Minute (h4)
Euro vs US Dollar
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Further development of traffic in the EUR / USD pair on 10th to 24th of August 2018 will be determined by the direction of the breakdown of the boundaries of the channel at the a Median Line (1.1585 <-> 1.1605 <-> 1.1630). Fork operational scale Minuette, recalling that when trading with this currency tool, it is necessary to take into account how the movement of the dollar index flows (review from 15:19 10/08/2018 UTC + 3).
The layout of the above-mentioned levels of the 1/2 ML Minuette channel is shown on the chart.
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Prospect of the upward movement development (buy)
The breakdown level of resistance at 1.1630 (the upper limit of the channel the Median Line Minuette 1/2 ) -> variant of the upward movement of EUR/USD pair to the balance area ( 1.1690 <-> 1.1730 <-> 1.1770 ) Fork operational scale Minuette, and in the breakdown of ISL 61.8 Minuette (1.1770), it will be possible to achieve local maximum `s (1.1791 <-> 1.1852). The details are shown io the chart.
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The breakdown of the support level at 1.1585 (the lower limit of the channel 1/2 of the Median Line Minuette) -> the development of the Euro / Median Line (1.1585 <-> 1.1545 <-> 1.1500) forks of the operating scale UWL 38.2 Minute (1.1425) and the final Shiff Line Minute (1.1375). (1.See the schedule for details.
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The review is made without regard to the news background and it is not a guide to action (issuing orders "sell" or "buy").
ZUP and Andrews Pitchfork (terms, concepts, parameters).
Materials for the study of the analysis of ZUP & APL`s.
The material has been provided by InstaForex Company - www.instaforex.com