EUR/USD Bullish Trend Continues

By @ibtimes on

CHF

Planned short positions from the key resistance range have been realized with achievement of basic assumed targets. OsMA trend indicator, having marked a tendency of bearish activity growth on the background of bullish activity drop, gives grounds to prefer planning sales for today. Thus, taking into account the ascending direction of the indicator chart, we assume a possibility of return to the nearest resistance levels at 0,9520/40, where it is recommended to evaluate activity development on the charts with smaller time frame. For sales, on condition of formation of topping signals, the targets will be 0,9460/80 and/or further breakout variant up to 0,9400/20, 0,9340/60, 0,9280/0,930. Alternative for buyers will be above 0,9600 targeting 0,9640/60, 0,9700/20, 0,9760/80.

GBP

Planned long positions from the key supports have been realized with overlapping of the minimum assumed targets. OsMA trend indicator, having marked activity decline of both parties, doesn’t introduce any certainty in relation to choice of priorities for today. Thus, presently, taking into account perspectives of range movement, we assume a possibility of return to supports at 1,5920/40, 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 1,5980/1,6000, 1,6040/60 and/or further breakout variant up to 1,6100/20, 1,6160/80. Alternative for sales will be below 1,5800 targeting 1,5740/60, 1,5680/1,5700.

JPY

Planned breakout variant for sale has been realized with loss in achievement of the assumed targets. OsMA trend indicator, having marked the result of previous day by drop in activity of both parties, doesn’t introduce any certainty in relation to choice of priorities for today. Thus, presently, taking into account the ascending direction of the indicator chart and signs of perspective of range movement, we assume a possibility of return closer to channel line «1» at 82,70/80, 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 82,30/40 and/or further breakout variant up to 81,90/82,00, 81,50/60, 81,00/10. Alternative for buyers will be above 83,20 targeting 83,50/60, 83,90/84,00.

EUR

The planned long positions from the key supports have been realized with achievement of the basic assumed targets. OsMA trend indicator, having marked the result of previous day close parity of parties’ activity, as earlier gives grounds to preserve the existing rising bias with a risk of rapid change in favour of bears. Thus, presently, taking into account the descending direction of the indicator chart, we assume a possibility of return to the nearest supports at 1,3610/30, 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 1,3670/90, 1,3720/40 and/or further breakout variant up to 1,3780/1,3800, 1,3840/60. Alternative for sales will be below 1,3500 targeting 1,3440/60, 1,3380/1,3400.

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