Bullish Potential of EUR/USD Remains

By @ibtimes on

CHF

The planned long positions from the key supports have been realized with achievement of the minimum assumed target. OsMA trend indicator, having marked the result of Monday by low level of parties’ activity, gives grounds to assume perspective of range movement without any certainty in relation to choice of priorities for today. Thus, taking into account the descending direction of the indicator chart, we assume a possibility of another retracement to supports 0,9190/0,9200, 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 0,9230/40, 0,9270/80 and/or further breakout variant up to 0,9310/20, 0,9350/60. Alternative for sales will be below 0,9160 targeting 0,9120/30, 0,9080/90.

GBP

The planned long positions from the key supports have been realized with achievement of the minimum assumed target. OsMA trend indicator, having marked the result of Monday by low level of bullish activity, gives grounds to assume further correction closer to Ichimoku cloud boarders at 1,6080/1,6100, 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 1,6140/60, 1,6200/20 and/or further breakout variant up to 1,6260/80, 1,6320/40, 1,6380/1,6400. Alternative for sales will be below 1,6000 targeting 1,5940/60.

JPY

The planned long positions from the key supports have been realized with achievement of the minimum assumed target. OsMA trend indicator, having marked a tendency of activity decline, gives grounds to expect range movement without any certainty in relation to choice of priorities for today. Thus, as earlier, we assume a possibility of retracement to the nearest supports 83,90/84,00, 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 84,30/40, 84,60/70 and/or further breakout variant up to 85,00/10, 85,40/50. Alternative for sales will be below 83,40 targeting 83,00/10, 82,60/70.

EUR

The assumed retracement to the key supports has been confirmed with conditions for realization of the planned long positions. OsMA trend indicator, having marked low level of parties’ activity doesn’t contradict with preservation of open long positions targeting 1,4240/60, 1,4300/20 and/or further breakout variant up to 1,4360/80. Alternative for sales will be below 1,4140 with targets 1,4080/1,4100, 1,4020/40.

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