EUR/USD Close to 2010 High

By @ibtimes on

CHF

Earlier opened and preserved short positions had no positive result of achievement of the assumed targets. OsMA trend indicator, having marked further strengthening of bullish activity, gives grounds to prefer long positions for today according to the chosen strategy. Thus, according to the descending direction of the indicator chart, we assume a possibility of retracement to supports at 0,9280/90, 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 0,9320/30 and/or further breakout variant up to 0,9360/70, 0,9400/10. Alternative for sales will be below 0,9250 targeting 0,9210/20.

GBP

The assumed return of the rate to the key supports has been confirmed with conditions for realization of the planned long positions. OsMA trend indicator, having marked the result of Thursday by parity of parties activity, being in upside bias supports preservation of long positions targeting 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 had positive result of overlapping of the minimum assumed target. OsMA trend indicator, having marked Thursday’s result by substantial growth of bullish activity, gives grounds to prefer bullish direction of planning trades for today according to the chosen strategy. Thus, due to descending direction of the indicator chart, we assume a retracement to the nearest supports at 82,10/20, 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 82,50/60 and/or further breakout variant up to 82,90/83,00, 83,30/40. Alternative for sales will be below 81,90 targeting 81,50/60.

EUR

The planed long positions from the key supports have been realized with achievement of the basic assumed targets. OsMA trend indicator, having marked a break of the key resistance range by overbought condition of the rate on the background of convincing level of bearish counteraction, gives grounds to preserve priorities of planning buys for today. Thus, presently, taking into account the descending direction of the indicator, we assume a possibility of retracement to supports at 1,3910/30, 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 1,3970/90 and/or further breakout variant up to 1,4040/60, 1,4100/20, 1,4160/80. Alternative for sales will be below 1,3820 targeting 1,3760/80, 1,3700/20.

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