EUR/USD 2011 High Renewal

By @ibtimes on

CHF

The planned breakout variant for sales has been realized and a relative growth of bearish activity, marked by OsMA trend indicator at the break of the key supports, gives grounds to preserve earlier opened short positions with perspectives of achievement of the assumed targets. Presently, taking into account the ascending direction of the indicator, we assume a possibility of retracement to Ichimoku cloud boarders at 0,9270/80, 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 0,9230/40, 0,9190/0,9200 and/or further breakout variant up to 0,9150/60, 0,9110/20. Alternative for buyers will be above 0,9330 targeting 0,9360/70, 0,9400/10, 0,9440/50, 1,3680/1,3700

GBP

Earlier opened and preserved long positions had positive result of achievement of the basic assumed targets. OsMA trend indicator, having marked a sign of overbought condition of the rate with absence of confident bearish counteraction, gives grounds to preserve planning long positions for today. Thus, according to the descending direction of the indicator chart, we assume a possibility of retracement to the nearest supports at 1,6280/1,6300, 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 1,6340/60 and/or further breakout variant up to 1,6400/20, 1,6460/80, 1,6520/40. Alternative for sales will be below 1,6180 targeting 1,6120/40, 1,6060/80, 1,6000/20.

JPY

Earlier opened and preserved long positions didn’t have positive result of achievement of the assumed targets. Nevertheless, taking into account the existing ascending direction of the indicator, we have grounds to continue to supports long positions targeting 82,30/40, 82,60/70 and/or further breakout variant up to 83,00/10, 83,40/50. Alternative for sales will be below 81,50 targeting 81,10/20, 80,70/80.

EUR

Earlier opened and preserved long positions had positive result of achievement of the basic assumed targets. OsMA trend indicator, having marked preservation of bulls’ advantage, gives grounds to preserve priorities of concomitant direction of planning trades for today. Thus, raking into account the descending direction of the indicator chart, we assume a possibility of retracement to the nearest supports at 1,3840/60, 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 1,3900/20 and/or further breakout variant up to 1,3960/80, 1,4020/40, 1,4080/1,4120. Alternative for sales will be below 1,3800 targeting 1,3740/60, 1,3680/1,3700.

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