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24.05.201904:07 Forex Analysis & Reviews: EUR / USD h4. Options for the development of the movement from May 24, 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.

Minuette (h4)

Euro vs US Dollar

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The development of the movement of the single European currency EUR / USD from May 24, 2019 will be determined by the direction of the range breakdown :

-> resistance level of 1.1160 (lower boundary of the 1/2 Median Line channel Minuette);

-> support level of 1.1140 (upper boundary of the 1/2 Median Line channel Minuette).

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The prospects for the development of the upward movement (buy)

The breakdown of the level of resistance of 1.1160 -> the development of traffic EUR / USD will continue within the boundaries of the channel of the Median Line 1/2 (1.1160 <-> 1.1178 <-> 1.1195) and the equilibrium zone (1.1185 <-> 1.1212 <-> 1.1235) Minuette operational scale fork with the prospect of achieving the lower boundary of ISL38.2 (1.1255) Minuette operational scale.

Details are shown in the animated graphics.

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The prospects for the development of the downward movement (sell)

The breakdown of the level of support of 1.1140 -> movement of the single European currency will continue in the 1/2 Median Line channel (1.1140 <-> 1.1120 <-> 1.1090) of the Minuette operating scale with the possibility of reaching the warning line LWL100.0 Minuette (1.1045).

Details are shown in the animated graphics.

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The review was compiled without taking into account the news background, the opening of the trading session of the main financial centers, and is not a guide to action (placing orders "sell" or "buy").

Exchange Rates 24.05.2019 analysis

Ratu Taslim
Analytical expert of InstaForex
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