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10.08.201810:51 Forex Analysis & Reviews: EUR / USD pair - H4 chart. Variants of traffic development from August 10, 2018 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.

Minute (h4)

Euro vs US Dollar

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Further development of traffic in the EUR / USD pair on 10th to 24th of August 2018 will be determined by the direction of the breakdown of the boundaries of the channel at the a Median Line (1.1585 <-> 1.1605 <-> 1.1630). Fork operational scale Minuette, recalling that when trading with this currency tool, it is necessary to take into account how the movement of the dollar index flows (review from 15:19 10/08/2018 UTC + 3).

The layout of the above-mentioned levels of the 1/2 ML Minuette channel is shown on the chart.

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Prospect of the upward movement development (buy)

The breakdown level of resistance at 1.1630 (the upper limit of the channel the Median Line Minuette 1/2 ) -> variant of the upward movement of EUR/USD pair to the balance area ( 1.1690 <-> 1.1730 <-> 1.1770 ) Fork operational scale Minuette, and in the breakdown of ISL 61.8 Minuette (1.1770), it will be possible to achieve local maximum `s (1.1791 <-> 1.1852). The details are shown io the chart.

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The breakdown of the support level at 1.1585 (the lower limit of the channel 1/2 of the Median Line Minuette) -> the development of the Euro / Median Line (1.1585 <-> 1.1545 <-> 1.1500) forks of the operating scale UWL 38.2 Minute (1.1425) and the final Shiff Line Minute (1.1375). (1.See the schedule for details.

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The review is made without regard to the news background and it is not a guide to action (issuing orders "sell" or "buy").

Exchange Rates 10.08.2018 analysis

ZUP and Andrews Pitchfork (terms, concepts, parameters).

Materials for the study of the analysis of ZUP & APL`s.

Ratu Taslim
Analytical expert of InstaForex
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