Minute (h4)

Euro vs US Dollar

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Further development of the movement of the single European currency EUR/USD in the period 17.09-31.10.2018 will depend on the direction of the breakdown of the 1/2 Median Line channel borders (1.1510 <-> 1.1575 <-> 1.1615) of the Minuette operational scale.

The layout of the options for movement within the 1/2ML channel of the Minuette operating scale is presented in the animated chart.

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The prospect of upward movement (buy)

If the resistance level 1.1615 (upper border of the channel 1/2 Median Line Minuette) with a subsequent break above the upper border of the channel 1/2 Median Line (1.1630) fork operational scale Minute and ISL38.2. (1.1640) -> development of the movement of EUR/USD to the zone equilibrium (1.1640 <-> 1.1700 <-> 1.1755) fork operational scale Minuette.

Details are shown on the animated chart.

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The prospect of the downward movement (sell)

The breakdown of the support level of 1.1535 (lower boundary of the channel 1/2 Median Line Minuette) -> the option of continuing the downward movement of the EUR/USD to targets -> lower limit (1.1510) channel 1/2 Median Line Minute <-> upper limit of ISL38.2 (1.1460) equilibrium zone of the fork of the operational scale Minute <-> local low of 1.1432 <-> control line LTL Minuette (1.1400) with the prospect of reaching the median line (1.1375) Median Line Minute.

Details look at the animated chart.

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The review is made without taking into account the news background, the opening of trading sessions of the main financial centers and is not a guide to action (placing orders to "sell" or "buy").

ZUP and Andrews' Pitchfork (terms, concepts, parameters).

Materials for the study of analysis ZUP & APL's.