EURUSD correction after breakup of weekly resistance

10 February 2016, 11:15
oleksandr bilokon
0
68

Chart http://bi0l.blogspot.com/2016/02/eurusd-2016-02-10-intraday-forecast.html

Calculated data levels:

Support (S1 / S2 / S3 = 1.1196 / 55 / 1.1067) and resistance (R1 / R2 / R3 = 1,1331 / 72 / 1.1439).

Key support levels (1st from 1.1166 to 1.1261 late in the day, the 2nd of 1.1151 to 1.1212).

Growing activity neat's side end of the last trading day that marked the indicator OsMa, led to the breakup of weekly resistanse level 1.1238, which prefers to planning trading operations for today Correction advantage of future purchases.

Given the state of the OS Stochastics oscillator,

expect a test of trend levels (up H1) and key support levels,

where it is recommended to consider the activities of the parties on the charts of smaller timeframes.

For short-term purchases, on condition of formation of reversal of the trend (up H1) or the key levels, goals are even calculated resistance R1 / R2 / R3

For alternative sales breakdown provided below S1 / S2, the target levels are equal S3, and when breakdown to 1.0956 / 44 (Down W1 broken). 

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