Bullish Break with EUR/USD Rise Perspective

By @ibtimes on

CHF

The planned breakout variant for sales has been realized and relative growth of bearish activity, marked by OsMA trend indicator at the break of the key supports, gives grounds to preserve open short positions with preferable sales for planning trading operations for today. Thus, according to ascending direction of the indicator chart, we assume a possibility of retracement to the channel line «1» at 0,9290/0,9300, 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 0,9250/60 and/or further breakout variant up to 0,9210/20, 0,9170/80. Alternative for buyers will be above 0,9330 targeting 0,9360/70.

GBP

The planned breakout variant for sales has been realized with achievement of the minimum assumed target. OsMA trend indicator, having marked a tendency of bullish activity strengthening on the background of bearish activity drop, gives grounds to assume further correction of the rate with preferable long positions for today. Thus, presently, taking into account the descending direction of the indicator chart, we assume a possibility of retracement to the nearest supports at 1,6020/40, 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 0,6080/1,6100, 1,6140/60 and/or further breakout variant up to 1,6200/20, 1,6260/80, 1,6320/40. Alternative for sales will be below 1,5960 targeting 1,5900/20, 1,5840/60.

JPY

The planned breakout variant for sales has been realized with overlapping of the assumed target. OsMA trend indicator, having marked activity growth of both parties, doesn’t introduce any certainty in relation to choice of priorities for today. Thus, presently, taking into account the ascending direction of the indicator chart, we assume a possibility of achievement of the key resistance levels at 82,80/90, 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 82,40/50, 81,80/82,00, 81,20/40 and/or further breakout variant up to 80,60/80. Alternative for buyers will be above 83,40 targeting 83,80/84,00.

EUR

The planned breakout variant for buyers has been realized with achievement 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 planning long positions for today. Thus, according to the descending direction of the indicator chart, we assume a possibility of retracement to the nearest supports at 1,3880/1,3900, 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 1,3940/60, 1,4000/40 and/or further breakout variant up to 1,4080/1,4100, 1,4140/60. Alternative for sales will be below 1,3800 targeting 1,3740/60, 1,3680/1,3700.

Join the Discussion