Bullish Potential of EUR/USD Remains High

By @ibtimes on

CHF

The planned breakout variant for sales has been realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked a growth of activity of both parties, doesn't introduce any certainty in relation to choice of priorities for today according to the chosen strategy. Thus, taking into account the existing bias as a favourable direction of planning trades and the ascending direction of the indicator chart, we assume a possibility of retracement to the nearest resistance levels 0,9000/10, 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 0,8960/70, 0,8920/30 and/or further breakout variant up to 0,8880/90, 0,8840/50. Alternative for buyers will be above 0,9060 targeting 0,9090/0,9100, 0,9130/40.

GBP

The planned breakout variant for sales has been realized with loss of some pips in achievement of the minimum assumed target. OsMA trend indicator, having marked bearish advantage, gives grounds to preserve preference of planning sales for today. Thus, presently, taking into account the ascending direction of the indicator, we assume a possibility of retracement to 1,6320/40, 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 1,6260/80, 1,6200/20 and/or further breakout variant up to 1,6140/60, 1,6080/1,6100. Alternative for buyers will be above 1,6440 targeting 1,6480/1,6500, 1,6540/60.

JPY

The planned short positions from the key resistance levels were realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked a tendency of bullish activity growth, gives grounds for planning long positions for today. Thus, presently, we assume a possibility of retracement to the nearest supports 83,80/90, 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 84,20/30, 84,70/80 and/or further breakout variant up to 85,10/20, 85,50/60. Alternative for sales will be below 83,40 targeting 83,00/10, 82,60/70.

EUR

Earlier opened and preserved long positions had positive result of achievement of basic assumed targets. OsMA trend indicator, having marked preservation of advantage of activity of bulls, gives grounds to preserve priorities of planning trades for today. Thus, presently, taking into account bearish sign of the indicator chart, we assume a possibility of retracement to the nearest supports 1,4440/60, 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 1,4500/20 and/or further breakout variant up to 1,4560/80, 1,4620/40. Alternative for sales will be below 1,4360 targeting 1,4300/20, 1,4240/60.

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