Correction of EUR/USD

By @ibtimes on

CHF

The planned long positions from the key supports were realized with achievement of the minimum assumed target. OsMA trend indicator, having marked low level of activity of the parties, gives grounds to preserve previous trading plans for today. Thus, we assume a possibility of retracement to the nearest supports 0,8830/40, 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 0,8870/80, 0,8910/20 and/or further breakout variant up to 0,8950/60, 0,8990/0,9000. Alternative for sales will be below 0,8780 targeting 0,8740/50, 0,8700/10.

GBP

The planned short positions from the key resistance range were realized with achievement of the minimum assumed target. OsMA trend indicator, having marked low level of parties’ activity, doesn't introduce any changes to the existing technical picture. Thus, as earlier, we assume a possibility of another retracement to the nearest resistance levels 1,6540/60, 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 1,6480/1,6500 and/or further breakout variant up to 1,6420/40, 1,6360/80. Alternative for buyers will be above 1,6600 targeting 1,6640/60, 1,6700/20.

JPY

The planned breakout variant for buyers has been realized and achievement of the assumed targets is «supported» by the tendency of strengthening of bullish activity at the break of the key resistance levels. Presently, taking into account the descending direction of the indicator chart, there’s a possibility of retracement to the nearest supports 82,00/10, 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 82,40/50 and/or further breakout variant up to 82,80/90, 83,10/20. Alternative for sales will be below 81,50 targeting 81,10/20, 80,70/80.

EUR

The planned short positions from the key resistance levels have been realized with achievement of the minimum assumed target. OsMA trend indicator, having marked a tendency of drop of activity of both parties, as earlier, doesn't introduce any certainty in relation to choice of priorities for today. Thus, we assume a possibility of retracement to the nearest resistance levels 1,4590/1,4610, 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 1,4520/40, 1,4460/80, 1,4400/20 and/or further breakout variant up to 1,4340/60, 1,4280/1,4300. Alternative for renewal of long positions will be above 1,4660 targeting 1,4700/20, 1,4760/80.

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