EUR/USD Bears Continue to Defeat

By @ibtimes on

CHF

The planned short positions from the key resistance range have been realized with loss of some pips in achievement of the minimum assumed target. OsMA trend indicator, having marked a tendency of activity decline of both parties, doesn't introduce any certainty in relation to choice of priorities for today. Thus, according to perspectives of further movement within the ascending channel, we assume a possibility of another retracement to Ichimoku cloud boarders at 0,9300/10, 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 0,9340/50, 0,9390/0,9400 and/or further breakout variant up to 0,9430/40, 0,9480/90. Alternative for sales will be below 0,9260 targeting 0,9220/30, 0,9180/90.

GBP

Earlier opened and preserved short positions had positive result of achievement of the basic assumed targets. OsMA trend indicator, having marked preservation of bearish activity, gives grounds to preserve sales preferences for today. Thus, taking into account the ascending direction of the indicator chart, we assume a possibility of retracement to resistance levels at 1,6080/1,6100, 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 1,6020/40 and/or further breakout variant up to 1,5960/80, 1,5900/20. Alternative for buyers will be above 1,6140 targeting 1,6180/1,6200, 1,6240/60, 1,6300/40.

JPY

Earlier opened and preserved long positions had positive result of achievement of the minimum and basic target. OsMA trend indicator, having marked the result of yesterday by drop of activity of both parties, doesn't introduce any certainty in relation to choice of priorities of planning for today. Thus, presently, according to perspectives of range movement, we assume a possibility of retracement to the nearest supports at 82,90/83,00, 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 83,30/40 and/or further breakout variant up to 83,70/80, 84,10/20. Alternative for sales will be below 82,50 targeting 82,10/20.

EUR

Earlier opened and preserved short positions had positive result of achievement of the basic assumed targets. OsMA trend indicator, having marked the result of Thursday by preservation of bearish advantage, gives grounds to prefer planning sales for today. Thus, presently, taking into account the ascending direction of the indicator chart, we assume a retracement to the nearest resistance levels at 1,3840/60, 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 1,3780/1,3800, 1,3720/40 and/or further breakout variant up to 1,3660/80, 1,3600/20. Alternative for buyers will be above 1,3920 targeting 1,3960/80, 1,4020/40.

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