EURUSD intraday forecast (technical side) 2016-05-02

2 May 2016, 12:58
oleksandr bilokon


Calculated levels today:

Support (S1 / S2 / S3 = 1,1378 / 52/10), resistance (R1 / R2 / R3 = 1.1461 / 87 / 1.1528).

Key support levels (1st from 1.1327 to 1.1410 late in the day, the 2nd of 1.1319 to 1.1364).

OsMa marked divergence indicator and decreased activity of bulls, which provides a basis for planning trading operations for today correction.

Given the state oscillators Stochastics, expect a test levels (R1 R1-w, R1-m, R2), where it is recommended to consider the activities of the parties on the charts of smaller timeframes.

For shopping, subject to the breakdown above resistance (R2), the objectives are to estimate the resistance R3.

Alternative short sale makes sense provided decrease below (R1, R1-w, R1-m, R2) and breakdown (up H1), aims to levels S2, S1-w, S3. 

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