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03.05.201911:15 Forex Analysis & Reviews: EUR / USD Daily. Prospects for the development of the movement in May 2019. Analysis of APLs & ZUP

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Minor (Daily)

Euro vs US dollar

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The European currency will be in the equilibrium zone (1.0930 <-> 1.1210 <-> 1.1490). direction of the range breakdown: -> resistance level 1.1310 (control line UTL forks for operating scale Minute); -> support level 1.1210 (Median Line Minor mid-line). The marking of movement options within the balance zone of a forked Minor is shown in the animated graphic.

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The breakdown of the resistance level 1.1310 ( control line UTL of the operational scale fork of the Minute) -> development of the EUR / USD movement towards the targets -> upper limit of the ISL38.2 (1.1490) equilibrium zone of the fork of the operational scale of the Minor <-> finite Shiff Line Minor (1.1570) <-> local maximum 1.1815.

The Details are Shown in animated graphics .

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The breakdown of the support level of 1.1210 (Median Line Minor median line) -> the development of the movement of the single European currency will be directed to the targets -> 1/2 Median Line channel (1.1110 <-> 1.1050 <-> 1.0990) operational scale Minute <-> lower bound ISL61.8 (1.0930) equilibrium zone of the fork of the operational scale Minor <-> initial line SSL Minute (1.0890) <-> final Shiff Line Minute (1.0780).

Details 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 in the main financial centers and is not a guide to action (placing orders "sell" or "buy").

Exchange Rates 03.05.2019 analysis

Ratu Taslim
Analytical expert of InstaForex
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