EURUSD H4 weekly analysis (2016-06-weekly 20-24)

25 June 2016, 22:14
oleksandr bilokon

Chart :

 Analysis (Weekly):

Last week the couple started with a mark of 1.1334 (Open), with (gap + 59) and the estimated breakdown of the weekly resistance 1.1301 (R1 W1). Then there was the test 1.1342 (R2 W1) with a maximum of 1.1382 and 1.1236 before depreciation (almost EMA521). The further spread and growth of the test of 1.1408 (R3 W1) and reaching 1.1426 (High and 76.4 FIBO) was completed roll back down (which coincided with BREXIT-news) of the breakdown (up H4 broken, S1 W1, S1 MN) to 1.10911 (Low) and recovery to 1.1109 (Close).

OsMA indicator marked increase in activity bears. Oscillators Stochastics - neutral condition.

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