EURUSD weekly analysis (2016-04-11/15)

17 April 2016, 13:37
oleksandr bilokon
Analysis (Weekly):
Expected Flat with testing the estimated monthly resistance levels (R1-m), trend (up H4), and key support levels that started in early April, last week completed breakdown (up H4) and the return rate to the (Down W1 broken channel) .

  Last week the price has passed this way from Open (1.1406) with testing (R1-m, R1-w) to High (1.1464), then was made viskok down the breakdown (EMA24, up H4 broken, R1-w, EMA120 ) and key support levels, with a reduction to the (middle of Up W1 channel, Down W1 broken) with a minimum Low (1,1233) and roll back to levels (EMA120,24) and Close (1,1287).


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