We bring to your attention a comprehensive markup options for the movement of EUR/USD vs #USDX from June 11, 2019.
Minuette (h4)
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US Dollar Index
The movement of the dollar index #USDX from June 11, 2019 will be due to the development of the borders of the 1/2 Median Line channel (96.75 <-> 96.90 <-> 97.00) of the Minuette operating scale.
The details of the #USDX movement in channel 1/2 Median Line Minuette are shown in the animated graphic.
The breakdown of the lower boundary of the channel of the 1/2 Median Line Minuette (level of support of 96.75) will make the actual continuation of the downward movement of the dollar index to targets -> local minimum (96.47) <-> initial line of the SSL (96.40) Minuette operational scale fork <-> equilibrium zone (96.05 <-> 95.65 <-> 95.20) of the Minuette operational scale fork.
In the case of the breakdown of the upper boundary of the channel 1/2 Median Line Minuette (level of resistance of 97.00) -> option to continue movement #USDX to equilibrium zone (97.05 <-> 97.25 <-> 97.44), the Minuette operating scale fork with a view to achieving the boundaries of channel 1/2 Median Line (97.60 <-> 97.85 <-> 98.10) of the Minuette operational scale fork.
Details of the movement of #USDX can be seen at the animated graphics.
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Euro vs US Dollar
As in the case with #USDX, the development of the movement of the single European currency EUR/USD from June 11, 2019 will be conditioned by the mining of border levels (1.1295 <-> 1.1310 <-> 1.1330) of the 1/2 Median Line channel of the Minuette operational scale.
Marking options for movement within the 1/2 ML channel Minuette is presented on the animated graphic.
In the case of the breakdown of the upper boundary of the channel of the 1/2 Median Line Minuette (the level of resistance of 1.1330), the upward movement of the single European currency will continue to targets -> local maximum 1.1348 <-> control line UTL (1.1360) Minuette operational scale fork <-> control line UTL (1.1395) Minuette operating scale <-> warning line UWL61.8 Minute ( 1.1425).
On the other hand, in the case that EUR / USD returns below the support level of 1.1295 (lower border of the 1/2 Median Line channel Minuette), the downward movement of this currency instrument will be directed to the borders of the channel 1/2 Median Line Minute (1.1280 <-> 1.1260 <-> 1.1240) and zones balances of operational scales fork -> Minuette (1.1240 <-> 1.1215 <-> 1.1190) and Minuette (1.1240 <-> 1.1205 <-> 1.1170).
The details of the EUR / USD movement are presented in the animated graphic.
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The review was compiled without taking into account of 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").
The material has been provided by InstaForex Company - www.instaforex.com