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The EUR / USD trend movement
Minor (Daily)
Euro vs US Dollar
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The trend for the development of the single European currency pair in December 2018 will depend on the direction of the range breakdown : -> resistance level 1.1405 (upper limit of 1/2 Median Line channel wilh the Minute operating scale ); -> support level of 1.1340 (the final Shiff Line fork of the operating scale Minor ).
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Development trend of downward movement (sell)
Breakdown of support level 1.1340 ( final Shiff Line Minor ) -> EUR / USD movement to targets -> SSL start line ( 1.1295 ) of the forked operating scale Minute <-> Median Line Minor midline ( 1.1260 ) < -> local minimum 1.1216 <-> control line LTL Minute ( 1.1190 ) <-> lower limit ISL61.8 ( 1.0980a) balance zone of the fork of the operational scale Minor.
Details look at the animated graphics.
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Development trend of downward movement (buy)
Breakdown of resistance level 1.1340 -> development of EUR / USD movement in 1/2 channel Median Line Minute ( 1.1405 <-> 1.1470 <-> 1.1535 ), and in case of breakdown of resistance level 1.1535 ( crossing the upper limit of 1/2 channel Median Line Minute with an upper limit of the ISL38.2 balance zone of the fork of the operational scale Fork Minor ) movement of the single European currency will continue to the equilibrium zone ( 1.1595 <-> 1.1700 <-> 1.1815 ) of the operational scale of the Minute.
Details are shown in 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").
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