SubMinuette (m30)

Euro vs US Dollar

Previous review from 10/15/2018 19:57 UTC + 03.

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The development of the Euro major currency movement in the next two days, October 18-19, 2018, will be conditioned by working out of the levels of the equilibrium zone ( 1.1498 <-> 1.1513 <-> 1.1527 ) of the Micro forks.

The marking of the development of movement within the channel 1/2 ML of the forks of the SubMinuette operational scale is presented on an animated graph.

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The outlook of the downward movement development (sell)

The breakdown of the support level of 1.1498 (lower limit ISL 61.8 of the operational scale fork of the Micro scale ) will determine further development of the EUR / USD movement in the balance zone (1.1498 <-> 1.1473 <-> 1.1449) of the SubMinuette operational scale fork with the prospect of reaching the final FSL Micro line ( 1.1443 ) and updating the local minimum 1.1432. Details are shown on the animated graph.

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Development perspective of the upward movement (buy)

The breakdown of the resistance level of 1.1527 (upper limit of the ISL38.2 balance zone of the operational scale of the forks Micro ) -> option of the EUR/USD pair for an upward movement development to the targets -> end Shiff Line Micro ( 1.1555 ) <-> initial line SSL SubMinuette ( 1.1570 ) <-> the lower boundary of the channel 1/2 Median Line SubMinuette ( 1.1580 ). Details are shown on the animated graphics.

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

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

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

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