Minute ( h4 )
Euro vs US Dollar
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On May 16, 2019, the development of the movement of the single European currency EUR / USD will be determined by the direction of the range breakdown :
-> resistance level of 1.1230 (initial SSL line of the Minuette operating scale fork);
-> support level of 1.1215 (upper limit of the channel 1/2 Median Line Minuette).
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Prospects for the development of the upward movement (buy)
The breakdown of the resistance level of 1.1230 (the initial SSL line of the Minuette operational scale forks) together with ISL38.2 Minuette (1.1235) will determine the further development of the movement of the single European currency in the equilibrium zone (1.1235 <-> 1.1263 <-> 1.1295) of the Minuette operational scale forks.
Details are shown in animated graphics.
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Prospects for the development of a downward movement (sell)
The breakdown of the support level of 1.1215 will make the development of the EUR / USD movement in the 1/2 Median Line Minuette channel relevant (1.1215 <-> 1.1200 <-> 1.1182). In the case of a breakdown of the lower boundary (1.1182) of the channel, the downward movement of EUR / USD may continue to the boundaries of the channel 1/2 Median Line (1.1160 <-> 1.1135 <-> 1.1115) Pitchfork operating scale Minute.
Details look at the animated graphics.
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The review was compiled without taking into account 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").
