Another Attack on Year’s High in EUR/USD

By @ibtimes on

CHF

The assumed return of the rate to the key supports for realization of the planned long positions has not been confirmed in detail, but the expected rise didn’t showed any convincing bullish activity for confident determination of priorities of planning trades for today. Thus, as earlier, we assume a possibility of return to the nearest supports at 0,9240/50, where it is recommended to evaluate activity development on the charts with smaller time frame. For short-term long positions, on condition of formation of topping signals, the targets will be 0,92,80/90, 0,9310/20 and/or further breakout variant up to 0,9350/60, 0,9390/0,9400. Alternative for sales will be below 0,9200 targeting 0,9160/70, 0,9120/30, 0,9180/90.

GBP

The planned breakout variant buyers has been realized with achievement of the assumed targets. OsMA trend indicator, having marked a substantial growth of bullish activity at the break of the key resistance range, gives grounds to prefer long positions for today. Thus, according to the descending direction of the indicator chart, we assume a possibility of return to the nearest supports at 1,6220/40, where it is recommended to evaluate activity development on the charts with smaller time frame. For short-term long positions, on condition of formation of topping signals, the targets will be 1,6280/1,6300 and/or further breakout variant up to 1,6340/60, 1,6400/20. Alternative for sales will be below 1,6140 targeting 1,6080/1,6100, 1,6020/40.

JPY

Earlier opened and preserved long positions had positive result of achievement of the minimum and basic assumed targets. OsMA trend indicator, having marked a tendency of strengthening of bullish activity, “supports” long positions for today. Thus, presently, we assume a return to the nearest supports at 81,90/82,00, where it is recommended to evaluate activity development on the charts with smaller time frame. For short-term long positions, on condition of formation of topping signals, the targets will be 82,30/40, 82,60/70 and/or further breakout variant up to 83,00/10, 83,40/50. Alternative for sales will be below 81,50 targeting 81,10/20, 80,70/80.

EUR

The planned breakout variant for buyers has been realized with loss in achievement of the assumed targets. OsMA trend indicator, having marked relatively high level of bullish activity at the break of the key resistance range gives grounds to assume incompleteness of rate’s growth and further preference of planning long positions for today. Thus, according to the descending direction of the indicator chart, we assume a possibility of bounce back to supports at 1,3760/80, where it is recommended to evaluate activity development on the charts with smaller time frame. For short-term long positions, on condition of formation of topping signals, the targets will be 1,3820/40, 1,3880/1,3900 and/or further breakout variant up to 1,3940/60, 1,4000/20. Alternative for sales will be below 1,3680 targeting 1,3620/40, 1,3560/80.

Join the Discussion