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10.10.201800:50 Forex Analysis & Reviews: EUR / USD m30. Operational traffic analysis on 09_11 October 2018. APLs & ZUP

Long-term review

SubMinuette (m30)

Euro vs US Dollar

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At the time of the review, the single European currency EUR/USD was in the range:

-> resistance level 1.1490 (lower limit of the channel 1/2 Median Line pitchfork operation scale SubMinuette);

-> support level 1.1475 (upper limit of the channel 1/2 Median Line fork of the Micro operation scale);

accordingly, the further development of the movement of this currency pair on October 09-11, 2018 will be due to the direction of the breakdown of this range.

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The prospect of the development of a downward movement (sell)

Breakdown of support level 1.1475 -> continuation of the development of the EUR/USD movement within the 1/2 of the Median Line (1.1475 <-> 1.1465 <-> 1.1458) and the equilibrium zone (1.1465 <-> 1.1450 <-> 1.1420) of the forks of the Micro operational scale the prospect of achieving the ultimate Shiff LineMicro (1.1430) and LTL control line (1.1400) of the forks of the operational scale SubMinuette. Details are shown on the animated graph.

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The review was compiled without taking into account the news background, the opening of trading sessions of the main financial centers and is not a guide to action (placing orders to "sell" or "buy").

Exchange Rates 10.10.2018 analysis

Materials for the study of analysis ZUP & APL`s.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Ratu Taslim,
Analytical expert of InstaForex
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