Bullish Activity of EUR/USD Renewed

By @ibtimes on

CHF

The planned short positions from the key resistance range have been realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked activity decline of both parties, doesn’t introduce any certainty in relation to choice of priorities for today according to the chosen strategy. Nevertheless, according to assumptions about preservation of the existing tendency and taking into account the ascending direction of the indicator chart, we assume a possibility of return to the nearest resistance levels at 0,9480/90, 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 0,9430/50 and/or further breakout variant up to 0,9390/0,9400, 0,9330/50. Alternative for buyers will be above 0,9560 targeting 0,9590/0,9600, 0,9630/40.

GBP

The planned breakout variant for buyers has been realized with achievement of the minimum assumed target. OsMA trend indicator, having marked overbought conditions of the pair, substantially lowers perspectives of further growth. Nevertheless, on the background of absence of convincing activity of bears there’re no grounds to assume any turn. Thus, according to perspectives of range movement of the rate, we assume a possibility of its return to the nearest supports at 1,6200/20, 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 1,6260/80, 1,6320/40. Alternative for sales will be below 1,6140 targeting 1,6080/1,6100, 1,6020/40.

JPY

The planned short positions from the key resistance range have been realized with achievement of the minimum and basic target. OsMA trend indicator, having marked close parity of parties activity with the rate within Ichimoku cloud boarders, gives grounds to assume further range movement of the rate without any certainty in relation to choice of priorities for today. Thus, presently, as earlier, we assume a return to the nearest resistance levels at 83,40/50, 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 83,00/10 and/or further breakout variant up to 82,60/70, 82,20/30. Alternative for buyers will be above 84,00 targeting 84,30/40.

EUR

The planned long positions from the key supports have been realized with achievement of the basic assumed targets. OsMA trend indicator, having marked the result of Friday by advantage of bullish activity, 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 return to the nearest supports at 1,3630/50, 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 1,3690/1,3710, 1,3740/60 and/or further breakout variant up to 1,3800/20, 1,3840/60. Alternative for sales will be below 1,3580 targeting 1,3520/40, 1,3460/80.

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