Minuette (h1)
Euro vs US Dollar
Previous review of August 29, 2018 10:29 UTC + 3.
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The further movement of the single European currency EUR / USD in the period of September 4-11, 2018 will depend on the direction of the breakdown of the range:
-> resistance level 1.1600 (control line LTL forks operating scale Micro);
-> support level 1.1565 (the upper limit of the channel is 1/2 Median Line forks operating scale Minuette).
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The outlook for the development of the downward movement (sell)
The breakdown of the support level of 1.1565 -> the continuation of the downward trend and the development of the EUR / USD movement in channel of 1/2 of Median Line Minuette (1.1565 <-> 1.1510 <-> 1.1460) with the prospect of reaching the upper limit of the working-scale fork of ISL38.2 (1.1445) Minuette and the median line Median Line Minuette (1.1375).
See the schedule for details.
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The outlook for the development of the upward movement (buy)
The breakdown of the resistance level of 1.1600 (LTL Micro control line) -> variant of the EUR / USD upward movement to the targets -> SSL Micro start line (1.1635) <-> SSL start line (1.1660) Minuette operation zoom <-> channel 1/2 Median Line Micro (1.1670 <-> 1.1695 <-> 1.1715) <-> maximum 1.1734 <-> lower limit ISL38.2 (1.1745) of the equilibrium zone of the forks of the operating scale Micro
The details are shown in the graph.
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The review is made without taking into account the news background and is not a guide to action (placing orders "sell" or "buy").
