EURUSD intraday forecast (technical side) 2016=02=29

29 February 2016, 13:42
oleksandr bilokon
0
37

Chart : http://bi0l.blogspot.com/2016/02/eurusd-intraday-forecast-technical-side_29.html

Calculated levels today:

Support (S1 / S2 / S3 = 1.0910 / 1,0873 / 13), resistance (R1 / R2 / R3 = 1,1030 / 67 / 1.1127).

Key resistance levels (1st from 1.1002 to 1.0980 late in the day, the 2nd of 1.1018 to 1.0989).

Growing activity bears for the last trading day due to a set of technical conditions as

kickbacks from EMA521, as OB oscillators Stochastics, and noted that divergence indicator OsMa,

which led to the breakdown up H1, Up H4, channel correction down H1.

This preference for planning trading operations correction of depreciation to date.

Given the state oscillators Stochastics, expect to test support levels S1 and slain trend levels (up H4 broken, EMA24),

where it is recommended to consider the activities of the parties on the charts of smaller timeframes.

For short-term sales on condition of formation of recoil from trend (down W1) (trend up H4 broken),

target levels are level S2, down W1 broken, and when breakdowns down to S3

For alternative shopping on condition of formation of the rollback level S2, the trend (down W1 broken),

and key objectives are to estimate the resistance R1 / R2 / R3 (EMA521). 

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