Bearish Break of EUR/USD and End of Bullish Trend

By @ibtimes on

CHF

The planned breakout variant for buyers was realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked substantial growth of bullish activity at the break of the key resistance levels, gives grounds to prefer long positions for planning trades for today. Thus, presently, taking into account the descending direction of the indicator chart, we assume a possibility of retracement to the lower boarder of the Ichimoku cloud at 0,8640/50, where it is recommended to evaluate activity development on the charts with smaller time frame. For long positions, on condition of formation of topping signals, the targets will be 0,8680/90, 0,8710/20 and/or further breakout variant up to 0,8750/60, 0,8790/0,8800, 0,8830/40. Alternative for sales will be below 0,8600 targeting 0,8560/70.

GBP

The planned short positions from the key resistance levels were realized with achievement of the basic assumed targets assumed targets. OsMA trend indicator, having marked preservation of certain advantage of bears, gives grounds to prefer sales for today. Thus, presently, taking into account into account the ascending direction of the indicator chart, we assume a possibility of retracement to the channel line «2» at 1,6440/60, where it is recommended to evaluate activity development on the charts with smaller time frame. For sales, on condition of formation of topping signals, the targets will be 1,6380/1,6400, 1,6320/40, 1,6280/1,6300 and/or further breakout variant up to 1,6220/40, 1,6160/80. Alternative for buyers will be above 1,6600 targeting 1,6640/60, 1,6700/20.

JPY

The planned breakout variant for sales was realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked the result of yesterday by parity of parties’ activity, gives grounds to assume range movement without any certainty in relation to choice of priorities for today. Thus, presently, taking into account the current bullish sign of the indicator, we assume a possibility of achievement of 80,80/90, where it is recommended to evaluate activity development on the charts with smaller time frame. For short-term sales, on condition of formation of topping signals, the targets will be 80,40/50, 80,00/10 and/or further breakout variant up to 79,60/70, 79,20/30. Alternative for buyers will be above 81,30 targeting 81,60/70, 82,00/10, 82,40/50.

EUR

The planned sales from the key resistance levels were realized with overlapping of the assumed targets. OsMA trend indicator, having marked substantial growth of bearish activity, gives grounds to prefer sales for planning trades for today. Thus, taking into account the ascending direction of the indicator chart, we assume a possibility of retracement to the nearest resistance levels 1,4600/20, where it is recommended to evaluate activity development on the charts with smaller time frame. For sales, on condition of formation of topping signals, the targets will be 1,4540/60, 1,4480/1,4500 and/or further breakout variant up to 1,4420/40, 1,4360/80. Alternative for buyers will be above 1,4720 targeting 1,4760/80, 1,4820/40, 1,4880/1,4900.

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