Bulls May Gain Lost Positions in EUR/USD

By @ibtimes on

CHF

The planned breakout variant for sales has been realized and achievement of the assumed target in the range 0.9500/20 is «supported» by the current development of bearish activity of the OsMA indicator chart. Nevertheless, presently, evaluating the existing picture as a close parity of parties activity and the result of absence of perspectives of substantial rate’s fall, we assume a possibility of achievement of the earlier mentioned supports, 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 0.9560/80, 0.9640/60 and/or further breakout variant up to 0.9700/20, 0.9780/0.9820. Alternative for sales will be below 0.9460 targeting 0.9400/20, 0.9340/60.

GBP

The assumed return of the rate to the key resistance levels has been confirmed with conditions for realization of the planned short positions. OsMA trend indicator, while being in the descending direction, «supports» preservation of open positions with targets 1.5560/80, 1.5480/1.5520 and/or further breakout variant up to 1.5420/40, 1.5360/80, 1.5300/20. Alternative for buyers will be above 1.5720 targeting 1.5760/80, 1.5820/40.

JPY

The assumed return of the rate to the key supports has been realized with conditions for realization of the planned long positions. OsMA trend indicator, on the background of the ascending direction of its chart, «supports» preservation of long positions targeting 84.00/10, 84.40/50 and/or further breakout variant up to 84.80/90, 85.20/30, 85.60/70. Alternative for sales will be below 83.50 targeting 83.20/30, 82.80/90.

EUR

The planned short positions from the key resistance range has been realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked close parity of parties’ activity as a result of the previous day, doesn’t introduce any certainty in relation to choice of priorities of planning trades for today according to the chosen strategy. Thus, based upon assumptions about perspectives of range movement of the rate and taking into account the sign of incompleteness of bullish development, we assume a possibility of achievement of boarders of Ichimoku at 1.3320/40, 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 1.3260/80, 1.3200/20, 1.3160/80 and/or further breakout variant up to 1.3100/20, 1.3040/60, 1.2980/1.3000. Alternative for buyers will be above 1.3400 targeting 1.3440/60, 1.3500/20.

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