EURUSD intraday forecast (technical side) 2016-05-12

12 May 2016, 13:17
oleksandr bilokon
0
30

Chart: https://bi0l.blogspot.com/2016/05/eurusd-intraday-forecast-technical-side_12.html

 Calculated levels today:

Support (S1 / S2 / S3 = 1,1384 / 66/37), resistance (R1 / R2 / R3 = 1.1442 / 60/89).

Key resistance levels (from 1st, 1393 to 1.1412 at the end of the day, the 2nd of 1.1383 to 1.1401).

Indicator OsMa marked increase in activity of the parties, providing a basis for planning trading operations for today correction.

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

For shopping, on condition of formation reversal purposes is calculated 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). 

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