Minuette (h1)
Euro vs US Dollar
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From May 21, 2019, the movement of the single European currency EUR/USD will be due to the direction of the range breakdown:
-> resistance level 1.1155 (reaction line RL23.6 forks operating scale Micro);
-> support level 1.1142 (starting line SSL forks for Micro operation scale).
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The development perspective of the upward movement (buy)
The breakdown of the resistance level 1.1155 (reaction line RL23.6 Micro) -> movement of the single European currency will be directed to the boundaries of 1/2 the Median Line channel (1.1160 <-> 1.1165 <-> 1.1170) and the equilibrium zone (1.1175 <-> 1.1187 <- > 1.1197) Micro-scale operational fork with the prospect of reaching the warning line UWL38.2 (1.1215) Minuette operational-scale fork and a local high of 1.1224.
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The prospect of the development of a downward movement (sell)
The breakdown of the support level of 1.1142 (the initial SSL line of the operational scale forks Micro) together with the breakdown of the control line LTL Micro (1.1140) and the final Shiff Line Minuette (1.1133) will make the development of the downward movement of EUR/USD to the equilibrium zone (1.1095 <-> 1.1070 < -> 1.1040) Minuette operating scale fork.
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The review was compiled without taking into account the news background, the opening of trading sessions of the main financial centers and is also not a guide to action (placing orders to "sell" or "buy").
