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Minuette (h1)
Euro vs US Dollar
Previous review of July 18, 2013 12:22 PM UTC + 3.
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EUR / USD is currently developing the movement in channel 1/2 of the Median Line (1.1680 <-> 1.1705 <-> 1.1735) of the operating-scale minuette, respectively, as further, during the period July 25_31, 2018, the price movement of the instrument will result - will be determined by the direction of the perforated channel.
I draw your attention to the fact that EUR / USD is "mirror" correlated with #USDX, and accordingly - when making trading decisions for this pair, it is necessary to take into account the development of the dollar index movement, which was considered earlier in the review of 18:22 on July 24, 2013 UTC + 3 .
The marking of the price movement of the instrument within channel 1/2 of the Median Line Minuette is shown in the chart.
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The outlook for the development of the upward movement (buy)
The breakdown of the resistance level at 1.1.1735 (the upper border of the channel 1/2 of the Median Line Minuette) will make it important to continue the development of the EUR / USD movement to the boundaries of the equilibrium zones of operating-scale forks -> Micro (1.1745 <-> 1.1780 <-> 1.1810) and Minuette (1.1745 <-> 1.1790 <-> 1.1830).
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 1.1680 (the lower boundary of the channel 1/2 of the Median Line forks of the operating scale Minuette) -> the variant of the development of the downward movement of EUR / USD to the targets -> local minimum 1.1655 <-> SSL Minuette start line (1.1625).
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").
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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