EURUSD intraday forecast (technical side) 2016-05-23

23 May 2016, 11:47
oleksandr bilokon


Calculated levels today:

Support (S1 / S2 / S3 = 1,12024 / 1,11928 / 1,11771), resistance (R1 / R2 / R3 = 1.12434 / 1.12591 / 1.12591).

Key level (1st from 1.12180 to 1.12177 in the late afternoon, 2nd from 1.12594 to 1.112355).

Indicator OsMa marked decrease in activity of bulls on test 1-key level, providing a basis for planning trading operations for today correction.

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

For shopping, subject to reversal formation yid levels (up H1), or (down H4 broken), estimated goals are resistance levels R1, R2, R3.

Alternative short sale makes sense provided the following breakdown (up H1), with the objectives to levels (down H4 broken, S1, S2). 

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