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Minute (h4)
Euro vs US Dollar
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The development of the movement of the single European currency, the EUR/USD pair, October 24-31, 2018 will be determined by the direction of the range breakdown:
-> resistance level of 1.1435 (upper limit of ISL38.2 equilibrium zone of the fork of the operational scale Minute);
-> support level of 1.1380 (upper limit of the ISL38.2 equilibrium zone of the fork of the operating scale Minuette).
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The prospect of upward movement (buy)
The breakdown of the resistance level of 1.1435 (upper limit of the ISL38.2 equilibrium zone of the operational scale fork of the Minute) -> the upward movement of the EUR/USD can be continued to the initial SSL line (1.1490) of the operational scale of the Minuette scale and the channel 1/2 borders Median Line Minute (1.1515 < -> 1.1575 <-> 1.1635).
Details are shown in the animated graph.
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The prospect of the downward movement (sell)
The breakdown of the support level of 1.1380 (ISL38.2 Minuette) -> the development of the EUR/USD movement will continue in the equilibrium zone (1.1380 <-> 1.1325 <-> 1.1285) of the Minuette operating scale, and in case of a joint breakdown of the ISL61.8 Minuette (1.1285) and lower the limits of the ISL61.8 (1.1270) equilibrium zone of the fork of the operational scale Minute, it will be possible to continue the downward movement of the single European currency to the final FSL Minuette line (1.1125).
Details are seen at the animated graph.
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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").
ZUP and Andrews Pitchfork (terms, concepts, parameters).
Materials for the study of analysis ZUP & APL's.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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