Minute (h4)
Euro vs US Dollar
Previous review on 08/15/2018 17:39 UTC + 3.
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The development of the EUR / USD movement on August 23 - September 1, 2018 will be due to the development of the boundaries of the equilibrium zone (1.1510 <-> 1.1575 <-> 1.1640) of the operational scale Minute. Traditionally - when making trading decisions, do not forget to take into account the development of the #USDX movement (review from 17:37 on 08/22/2018 UTC + 3).
The marking of the mining of the above-mentioned levels of the Minute equilibrium zone is shown in the graph.
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The outlook for the development of the upward movement (buy)
The breakdown of the resistance level of 1.2980 (the upper limit of the ISL61.8 equilibrium zone forks of operating scale Minute) -> option to continue the development of the upward movement EUR / USD to the targets -> reaction line RL100.0 Minute (1.1700) <-> minimum 1.1791.
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 1.1510 (the lower boundary ISL38.2 of the equilibrium zone of the operating-scale pitchfork Minute) is a variant of the development of the GBP / USD downward movement to the border of the channel 1/2 of Median Line Minute (1.1480 <-> 1.1440 <-> 1.1400).
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").
