EURUSD H4 weekly analysis (2016-end 05/06 start)

5 June 2016, 22:37
oleksandr bilokon


Analysis (Weekly):

Last week was the transition (end of May and beginning of June). The week began a couple of 1.1114 (Open) test calculated level of support week 1/1105 (S1 W1) and reaching 1.1095 (Low) followed by the return rate and breakdown (down H4 channel) to (EMA521) and 1.1219 (50 FIBO-level). After that was completed before depreciation (down H4 channel broken) and the expected pullback up with breakdown calculated weekly resistance levels (S1 W1, S2, S3, 61,8 FIBO) to 1,1372 (High) and 1.1366 (Close).

OsMA indicator marked a significant increase in activity of bulls. As prices have exceeded 61,8% FIBO - level and Stochastics oscillator entered the state OB, is likely to reduce the activity of bulls and growth. 

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