EURUSD intraday forecast (technical side) 2016-05-10

10 May 2016, 13:51
oleksandr bilokon
0
9

Chart: https://bi0l.blogspot.com/2016/05/eurusd-intraday-forecast-technical-side_10.html

 Calculated levels today:

Support (S1 / S2 / S3 = 1,1374 / 64/46), resistance (R1 / R2 / R3 = 1.1409 / 19/36).

Key resistance levels (1st from 1.1433 to 1.1395 late in the day, the 2nd of 1.1443 to 1.1426).

Indicator OsMa noted reduced activity of the parties, providing a basis for planning trading operations for today correction.

Given the state oscillators Stochastics, expect a test levels (S1-w, S1, up D1, S2, down H4), where it is recommended to consider the activities of the parties on the charts of smaller timeframes.

For shopping, subject to the breakdown of higher levels (down H4), settlement objectives are resistance levels R1, R2, R3.

Alternative short sale makes sense provided the following breakdown of (up D1, S2), with the objectives to levels (S3, middle of UP W1 channel), or up (down H4 broken, S1-MN).

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