Bearish Trading in EUR/USD

By @ibtimes on

CHF

The planned breakout variant for sales has been realized and achievement of the assumed targets is “supported” by progress of bearish activity marked by OsMA at the break of the key supports. Presently, taking into account the descending direction of the indicator chart, we assume a possibility of retracement to the nearest resistance levels at 0,9320/30, 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 0,9280/90, 0,9240/50 and/or further breakout variant up to 0,9200/10. Alternative for buyers will be above 0,9370 targeting 0,9400/10, 0,9440/50, 0,9480/90.

GBP

The assumed return of the rate to the key resistance levels has been confirmed with conditions for realization of the planned short positions. OsMA trend indicator, being directed downwards, “supports” preservation of open short positions targeting 1,6120/40 and/or further breakout variant up to 1,6060/80, 1,6000/20, 1,5940/60. Alternative for buyers will be above 1,6260 targeting 1,6300/20, 1,6360/80.

JPY

The planned return of the rate to the key supports has been confirmed with conditions for realization of the planned long positions. OsMA trend indicator, being in upside bias, “supports” preservation of earlier opened positions targeting 83,00/10 and/or further breakout variant up to 83,40/50, 83,80/90. Alternative for sales will be below 82,30 targeting 81,90/82,00, 82,50/60.

EUR

The planned short positions from the key resistance range have been realized and achievement of the assumed targets is presently “supported” by the descending direction of the OsMA indicator chart. Thus, according to earlier composed plan targets for open short positions remain at 1,3840/60 and/or further breakout variant up to 1,3780/1,3800, 1,3720/40. Alternative for buyers will be below 1,3960 targeting 1,4000/20, 1,4060/80, 1,4120/40.

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