EUR / USD Daily. Options for the development of the movement from May 17, 2019. Analysis of APLs & ZUP

Minor

Euro vs US Dollar

Previous Review from 05/02/2019 15:38 UTC + 3.

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In the second half of May 2019, the development of the single European currency movement EUR / USD will be determined by the direction of the range breakdown:

-> resistance level of 1.1200 (median line of the pitchfork operating scale minor);

-> support level of 1.1160 (reaction line RL23.6 of the pitchfork operating scale minuette).

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Prospects for the development of the upward movement (buy)

The breakdown of the resistance level of 1.1200 (Median Line Minor) -> variant of the upward movement of the single European currency to the boundaries of the 1/2 Median Line channel ( 1.1245 <-> 1.1290 <-> 1.1330) and the zone of balance (1.1360 -> 1.1430 <-> 1.1500) of the Minuette operational scale.

Details are shown in the animated graphics.

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Prospects for the development of the downward movement (sell)

The breakdown of the support level of 1.1160 (reaction line RL23.6 Minuette) followed initial breakdown SSL (1.1135) and the control LTL (1.1090) lines fork operational scale Minuette determine further development of the downward movement EUR / USD to the lower limit ISL61.8 (1.0920) equilibrium zone fork operational scale Minor and warning line UWL100.0 (1.0860) pitchfork operating scale Minetute.

Details can be seen at the animated graphics.

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The review was compiled without regard to 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”).

The material has been provided by InstaForex Company – www.instaforex.com