EURUSD D1 (monthly analysis 2016-05)

1 June 2016, 22:54
oleksandr bilokon


Analysis (2016-05-Monthly):

Last month the couple began 1.1461 (Open) breakdown of 1.1472 (S1 MN) and reaching 1.1616 (High) to the achievement of the expected goals purchases (R2 MN). In was further depreciation in the current channel (down H4) below calculated support level 1.1283 (S1 MN) to a mark 1.1097 (Low), realized how target  levels for the alternative sell (S3 MN). The end of the month can be characterized as the beginning of a reversal of the test 1.1006 (38.2 FIBO-level) breakdown channel (down H4 broken) and the closing month 1.1132 (Close).

OsMA indicator corresponding marked increase in activity bears in the middle of the month and decline at the end. Stochastics Oscillator noted at least in the state of OS and have a direction, up. They are found in close proximity to the base of the channel (Up W1).

See also the forecast in May: :


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