Minute ( h4 )
Euro vs US Dollar
Previous overview from 08/05/2019 22:20 UTC + 2
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The development movement of the single European currency EUR / USD from May 14, 2019 will result depending on the direction of the breakdown of the boundaries of the channel. The 1/2 Median Line (1.1220 <-> 1.1233 <-> 1.1250) fork operational scale Minuette.
The layout of movement options within the a ML Minuette channel is presented in an animated graphic.
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Prospects for the development of the downward movement (sell)
The breakdown of the support level 1.1220 (lower border of 1/2 channel Median Line Minuette ) -> continuation of the downward movement of the single European currency to the borders of 1/2 channel Median Line (1.1170 <-> 1.1145 <-> 1.1125) of the forked operating scale Minuette.
Details look at the animated graphics.
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Prospects for the development of the upward movement (buy)
The breakdown of the resistance level of 1.1250 (upper limit of the channel 1/2 Median Line Minuette) -> option to continue the development of the upward movement of EUR / USD to the targets -> median line Median Line Minuette (1.1260) <-> upper limit of ISL61.8 (1.1290) balance zone of the fork of the operational scale Minuette <-> end Shiff Line Minuette (1.1310) <-> local maximum 1.3240 <-> lower limit of the ISL38.2 ( 1.1375 ) equilibrium zone of the forks of the Minuette operating scale.
Details are shown in animated graphics.
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The review was compiled without regard to the news background. Thus, the opening of trading sessions of the main financial centers and is not a guide to action (placing orders "sell" or "buy").
