Euro vs US Dollar
Previous review from 10/08/2018 16:51 UTC + 3.
Further development of the movement
EUR/USD October 10-12, 2018 will be determined by the direction of the range breakdown:
-> resistance level of 1.1500 (lower limit of ISL38.2 equilibrium zone of the fork of the operational scale Micro);
-> support level 1.1485 (upper limit of channel 1/2 Median Line Micro). ____________________
The prospect of the development of a downward movement (sell)
Breakdown of the support level of 1.1485 -> development of the EUR/USD movement will continue in the 1/2 Median Line channel (1.1485 <-> 1.1470 <-> 1.1460) of the Micro operational scale, and when the lower limit (1.1460) of the channel is broken, the price of the instrument to targets -> SSL Micro start line (1.1450) <-> minimum 1.1432 <-> FSL end line (1.1418) of the Minuette operating scale.
Details look at the animated graphics.
The prospect of upward movement (buy)
The breakdown of the resistance level of 1.1500 -> variant of the development of the EUR/USD movement in the equilibrium zone (1.1500 <-> 1.1517 <-> 1.1535) of the operational scale of the Micro, and during the breakdown of ISL61.8 Micro (1.1535) the upward movement of the single European currency may continue to the lower boundary of the ISL61.8 (1.1550) equilibrium zone of the forks of the operating scale Minuette and the median Line Minuette (1.1590).
Details are shown on the animated graph.
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").
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.
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