EURUSD intraday forecast (technical side) 2016-05-20

20 May 2016, 08:28
oleksandr bilokon
0
18

Chart:https://bi0l.blogspot.com/2016/05/eurusd-intraday-forecast-technical-side_19.html

Calculated levels today:

Support (S1 / S2 / S3 = 1,11842 / 1,11724 / 1,11533), resistance (R1 / R2 / R3 = 1.12224 / 1.12342 / 1.12533).

Key resistance levels (1st from 1.12821 to 1.12180 in the late afternoon, 2nd from 1.112616 to 1.12594).

Indicator OsMa marked increase in activity of bulls, which provides a basis for planning trading operations for today correction.

Given spryamovanыst oscillators Stochastics, expect a test levels (down H4, up H1), where it is recommended to consider the activities of the parties on the charts of smaller timeframes.

For shopping, on condition of formation of breakdown (down H4), settlement objectives are resistance levels R1, R2, R3.

Alternative short sale makes sense provided the following breakdown of (up H1), with the objectives to levels (down H1 broken, S1, S2). 

 

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