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Minuette (h1)
Euro vs US Dollar
Previous overview from 11/27/2018 21:32 UTC + 3.
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The development trend of the single European currency pair movement between December 3 to 10will be determined by the direction of the breakdown of the 1/2 Median Line channel borders ( 1.1305 <-> 1.1323 <-> 1.1340 ) of the Micro forks.
The marking of options for movement within the channel 1/2 ML Micro is presented in an animated graphic.
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Prospects for the development of the upward movement (buy)
Breakdown of the resistance level 1.1340 (upper border of the channel 1/2 Median Line Micro ) -> variant of the upward movement of EUR / USD to the border of the channel 1/2 Median Line Minuette ( 1.1370 <-> 1.1395 <-> 1.1425 ) with the prospect of reaching the lower limit of the ISL38.2 ( 1.1445 ) balance zone of the forks of an operational scale Minuette.Details are shown in animated graphics.
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Development Perspective of Downward Movement (sell)
Breakdown of the Support Level at 1.1305 (lower limit of 1/2 channel Median Line Micro ) will confirm further movement of EUR / USD pair to occur in the equilibrium zone ( 1.1310 <-> 1.1290 <-> 1.1267 ) of the Micro operational scale and if there is a breakdown of ISL61. 8 Micro ( 1.1267 ). Then, the downward movement of the single European currency can continue to the goals -> end Shiff Line Micro ( 1.1250 ) <-> minimum 1.1215 <-> FSL Micro end line ( 1.1200 ). Details.
We look at the animated graphics.
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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 "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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