SubMinuette (m30)
Euro vs US Dollar
Previous review from 09/24/2018 09:34 UTC + 00.
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At the time of the review, the single European currency EUR/USD was in the range:
-> resistance level 1.1490 (lower limit of the channel 1/2 Median Line pitchfork operation scale SubMinuette);
-> support level 1.1475 (upper limit of the channel 1/2 Median Line fork of the Micro operation scale);
accordingly, the further development of the movement of this currency pair on October 09-11, 2018 will be due to the direction of the breakdown of this range.
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The prospect of the development of a downward movement (sell)
Breakdown of support level 1.1475 -> continuation of the development of the EUR/USD movement within the 1/2 of the Median Line (1.1475 <-> 1.1465 <-> 1.1458) and the equilibrium zone (1.1465 <-> 1.1450 <-> 1.1420) of the forks of the Micro operational scale the prospect of achieving the ultimate Shiff LineMicro (1.1430) and LTL control line (1.1400) of the forks of the operational scale SubMinuette. Details are shown on the animated graph.
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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 not a guide to action (placing orders to "sell" or "buy").
Materials for the study of analysis ZUP & APL`s.
The material has been provided by InstaForex Company - www.instaforex.com