Minuette (h4)
Euro vs US Dollar
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The development of the movement of the single European currency EUR / USD from May 24, 2019 will be determined by the direction of the range breakdown :
-> resistance level of 1.1160 (lower boundary of the 1/2 Median Line channel Minuette);
-> support level of 1.1140 (upper boundary of the 1/2 Median Line channel Minuette).
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The prospects for the development of the upward movement (buy)
The breakdown of the level of resistance of 1.1160 -> the development of traffic EUR / USD will continue within the boundaries of the channel of the Median Line 1/2 (1.1160 <-> 1.1178 <-> 1.1195) and the equilibrium zone (1.1185 <-> 1.1212 <-> 1.1235) Minuette operational scale fork with the prospect of achieving the lower boundary of ISL38.2 (1.1255) Minuette operational scale.
Details are shown in the animated graphics.
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The prospects for the development of the downward movement (sell)
The breakdown of the level of support of 1.1140 -> movement of the single European currency will continue in the 1/2 Median Line channel (1.1140 <-> 1.1120 <-> 1.1090) of the Minuette operating scale with the possibility of reaching the warning line LWL100.0 Minuette (1.1045).
Details are shown in the animated graphics.
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The review was compiled without taking into account the news background, the opening of the trading session of the main financial centers, and is not a guide to action (placing orders "sell" or "buy").
