Minor (Daily)

Euro vs US Dollar

Previous review of August 2, 2018 15:49 UTC + 3.

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After the callback from the median line Median Line Minor (support level 1.3101), the EUR / USD instrument price was within the range:

-> resistance level 1.1700 (the lower limit of the channel is 1/2 Median Line Minute);

-> support level 1.1580 (upper limit ISL38.2 of the equilibrium zone of forks of operating scale Minor).

Accordingly, further development of the EUR / USD movement will be due to the direction of breakdown of the specified range.

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buy)

Breakdown of the resistance level 1.1700 -> the development of the EUR / USD movement will continue within the limits of the channels 1/2 of the Median Line forks of operational scales -> Minute (1.1700 <-> 1.1830 <-> 1.1960) and Minor (1.1830 <-> 1.2030 <-> 1.2245 ).

The details are shown in the graph.

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The outlook for the development of the downward movement (sell)

The breakdown of the support level 1.1580 (ISL38.2 Minor) -> the development of the EUR / USD movement will again proceed within the limits of the equilibrium zone (1.1580 <-> 1.1305 <-> 1.1020) of Minor operating scale forks.

See the schedule for details.

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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").