Analysis:
Last month, the couple started Open (1.0880) with testing (Down W1 broken channel), then was made up of the expected pullback correction (Up W1 channel), a sharp decrease of EMA120 to Low (1,0821) and rollback continuation of settlement penetration resistance S1-m level to High (1,1411) and Close (1,1269).
Forecast:
Calculated monthly level:
Support (S1-m / S2 / S3 = 1.0978 / 1.0839 / 1.0614), resistance (R1-m / R2 / R3 = 1.1429 / 1.1568 / 1.1794).
Key support levels (1st from 1.1090 to 1.1200 late in the day, 2nd 1, 1043 to 1.1100).
The pair is adjusted upward channel Up W1 channel (from 1.0895 to 1.1022).
Trending indicators Ichimoku, EMA24, EMA120 indicate the general direction of movement UP-quotations.
More details of analysis & forecast :
