Bullish EUR/USD Trend Gains Momentum

By @ibtimes on

CHF

The planned breakout variant for sales has been realized and achievement of the assumed targets is «supported» by the follow-up direction of the indicator on the background of general advantage of bears. Thus, presently, for opened sales targets remain at 0,9080/90 and/or further breakout variant up to 0,9020/40, 0,8940/60. Alternative for buyers will be above 0,9200 with targets 0,9230/40, 0,9280/0,9300.

GBP

The assumed retracement to the key supports has not been confirmed in detail, but on the background of existing bullish growth our previous trade plan with a break of the key resistance 1,6400 level preserves its topicality. Nevertheless, sticking to the chosen strategy, we assume a retracement to the nearest supports 1,6340/60, 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 1,6400/20 and/or further breakout variant up to 1,6460/80, 1,6520/40, 1,6580/1,6600. Alternative for sales will be below 1,6240 with targets 1,6180/1,6200, 1,6120/40.

JPY

The planned long positions from the key supports have been realized with achievement of the minimum assumed targets. OsMA trend indicator, having marked parity of parties activity, gives grounds to assume further range movement without any certainty in relation to choice of priorities for today according to the chosen strategy. Thus, presently, we assume a possibility of another test of 2011 high at 85,30/40, 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 84,90/85,00, 84,50/60 and/or further breakout variant up to 84,10/20, 83,70/80. Alternative for buyers will be above 85,60 with targets 85,90/86,00, 86,30/40.

EUR

The planned long positions from the key supports have been realized with achievement of the assumed targets. OsMA trend indicator, having marked advantage of bullish activity at the break of the key resistance levels, gives grounds to prefer bullish direction for planning trades for today. Thus, we assume a possibility of retracement to the nearest supports 1,4340/60, 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 1,4400/20 and/or further breakout variant up to 1,4460/80, 1,4520/40, 1,4680/1,4700. Alternative for sales will be below 1,4280 with targets 1,4200/40.

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