EURUSD intraday forecast (technical side) 2018-02-06

6 February 2018, 06:53
oleksandr bilokon
0
45

Chart: https://bi0l.blogspot.com/2018/02/eurusd-intraday-forecast-technical-side_5.html

Settlement levels today:

support (S1 / S2 / S3 = 1,23578 / 313 / 1.22885), resistance (R1 / R2 / R3 = 1.24433 / 697 / 1.25125).

The key resistance levels (1 st from 1.24531 to 1.24245 at the end of the day, 2nd from 1.24562 to 1.24544).

The OsMa indicator marked the decline in the bear-side activity, which provides the basis for the planning of trading transaction corrections for today.

Given the state of the Stochastics oscillators, expect a level test (S1), where it is recommended to consider the activity of the parties on the charts of smaller timeframes.

For short-term sales, with breakdown condition (S1), targets are S2, S3.

An alternative to purchases is meaningful in the case of the formation of a reversal from the levels (S1) with the objectives of returning the rate to (down H1) and / or breakdown higher to the levels (R1.key levels support, up H4 broken, R2).

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