Minuette ( h1 )
Euro vs US Dollar
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Range of Breakdown Direction :
-> resistance level 1.1145 (starting line SSL for the Micro operational scale forks);
-> support level of 1.1130 (starting line SSL is for Minuette operation scale forks);
and will determine the development of the movement of the single European currency EUR / USD from May 31, 2019
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The development perspective of the upward movement (buy) A
The breakdown of the resistance level of 1.1145 (the initial SSL Micro line ) -> EUR / USD movement will be directed to the borders of 1/2 channels. Median Line will take an operating scale -> Minuette ( 1.1150 <-> 1.1167 <-> 1.1185 ) and Micro ( 1.1167 <-> 1.1180 <-> 1.1192 ), with the prospect of reaching the limits of the equilibrium zones of the same operational scale forks -> Micro ( 1.1210 <-> 1.1230 <-> 1.1250 ) and Minuette ( 1.1210 <-> 1.1235 <-> 1.1257 ).
Details are shown on the chart .
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Development perspective of the downward movement (sell)
The breakdown of the support level of 1.1130 ( SSL Minuette start line) with the subsequent updating of the local minimum 1.1124 will make it relevant to continue the development of the downward movement of the single European currency to the targets -> minimum 1.1107 <-> control line LTL ( 1.1095) Minuette operational scale forks <-> warning line UWL61.8 Minuette (1.1075 ).
Details are shown on the chart .
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The review was compiled without regard to the news background. The opening of trading sessions of the main financial centers does not serve as a guide to action (placing orders "sell" or "buy").
