Chart: http://bi0l.blogspot.com/2016/04/eurusd-d1-monthly-analysis-2016-04.html
EURUSD
Analysis (Monthly):
Last month the couple began 1.1378 (Open) with testing monthly calculated level of resistance 1.1429 (R1-m) to a mark 1.1464 (High), then was made the expected pullback down to (EMA24, middle od Up W1 channel, Down W1 broken). Alternative short positions of (R1-m) to (Down W1 broken) implemented.
Further growth of the lack of activity was suspended bulls and the course again dropped to 1,1217 (Low), then a sharp increase and continuation of penetration rollback formed. (Down H4) and the calculated resistance R1-m implemented plans of long positions in marks the end of mhsyatsya 1yu1458 and 1.1451 (Close).
