EURUSD D1 (monthly forecast 2016-06, technical side)

2 June 2016, 03:21
oleksandr bilokon


Weather (Monthly):

Calculated monthly level:

Support (S1 MN / S2 / S3 = 1.1083 / 1.0961 / 1.0763), resistance (R1 MN / R2 / R3 = 1.1480 / 1.1602 / 1.1801).

Key level (1st from 1.1143 to 1.1313 at the end mыsyatsya, 2nd 1, 1305 to 1.1336).

The pair is in an ascending channel Up W1 canal (from 1.1061 to 1.1167).

Trending indicators Ichimoku, EMA24, EMA120 indicate the general direction of movement correctional decline of quotations, but prices are back above the limits EMA120 Up-cumo indicator Ichimoku.

Indicator OsMa marked increase in activity bears the sample (middle of Up W1 channel, EMA24, EMA120), and reduce the activity of bears on the return key at the limit levels, providing a basis for planning of trading correction.

Given the state of progress at least OS focus and Stochastics oscillator, expect to test levels of 1-key level and (EMA24, 120), where it is recommended to consider the activities of the parties on the charts of smaller timeframes.

For shopping, provided growth above 1.1217 / 40 (50-FIBO, EMA24), target levels may be 1.1310 / 1.1428 (61.8 / 76.4 - FIBO), or up to 1.1480 (R1 MN). More aggressive goals breakdown can be (R2, EMA521, R3).

For alternative short positions on condition of formation of reversal of levels (EMA24) and depreciation below 1's key levels, target levels may be some turn (38.2-FIBO, Up W1 channel, S1-MN), less likely provided the breakdown ( S1-MN) - to (down H4 broken, S2). 


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