Euro vs US Dollar
Further development of traffic in the EUR / USD pair on 10th to 24th of August 2018 will be determined by the direction of the breakdown of the boundaries of the channel at the a Median Line (1.1585 <-> 1.1605 <-> 1.1630). Fork operational scale Minuette, recalling that when trading with this currency tool, it is necessary to take into account how the movement of the dollar index flows (review from 15:19 10/08/2018 UTC + 3).
The layout of the above-mentioned levels of the 1/2 ML Minuette channel is shown on the chart.
Prospect of the upward movement development (buy)
The breakdown level of resistance at 1.1630 (the upper limit of the channel the Median Line Minuette 1/2 ) -> variant of the upward movement of EUR/USD pair to the balance area ( 1.1690 <-> 1.1730 <-> 1.1770 ) Fork operational scale Minuette, and in the breakdown of ISL 61.8 Minuette (1.1770), it will be possible to achieve local maximum `s (1.1791 <-> 1.1852). The details are shown io the chart.
The breakdown of the support level at 1.1585 (the lower limit of the channel 1/2 of the Median Line Minuette) -> the development of the Euro / Median Line (1.1585 <-> 1.1545 <-> 1.1500) forks of the operating scale UWL 38.2 Minute (1.1425) and the final Shiff Line Minute (1.1375). (1.See the schedule for details.
The review is made without regard to the news background and it is not a guide to action (issuing orders “sell” or “buy”).
The material has been provided by InstaForex Company – www.instaforex.com