EUR/USD Consolidation

By @ibtimes on

CHF

The planned breakout variant for buyers has been realized and achievement of the assumed targets is «supported» by substantial growth of bullish activity marked by OsMA trend indicator at the breakout of the key resistance range. Presently, taking into account the descending direction of the indicator chart, there’s a possibility of return to supports at 0,9620/40, 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 0,9680/0,9700 and/or further breakout variant up to 0,9740/60, 0,9800/20, 0,9860/80. Alternative for sales will be below 0,9580 targeting 0,9520/40, 0,9460/80, 0,9400/20.

GBP

The planned short positions from the key resistance range have been realized with overlapping of the basic targets. OsMA trend indicator, having marked advantage of bearish party activity, gives grounds to prefer sales for planning trades for today. Thus, taking into consideration the ascending direction of the indicator chart, we assume a possibility of return to the nearest resistance levels at 1,5940/60, 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 1,5880/1,5900 and/or further breakout variant up to 1,5820/40, 1,5760/80, 1,5700/20. Alternative for buyers will be above 1,6000 targeting 1,6040/60, 1,6100/20.

JPY

The planned breakout variant for buyers has been realized with achievement of the assumed targets. OsMA trend indicator, having marked a substantial growth of bullish activity at the break of the key resistance range, gives grounds to prefer bullish direction of planning trades for today. Thus, according to the descending direction of the indicator chart, we assume a possibility of return to the nearest supports at 82,70/80, 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 83,10/20 and/or further breakout variant up to 83,50/60, 83,90/84,00, 84,30/40. Alternative for sales will be below 82,40 targeting 82,00/10, 81,70/80.

EUR

The planned short positions from the key resistance range have been realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked further activity decline, gives grounds for assumptions about further range movement of the rate without any certainty in relation to choice of priorities of planning for today. Thus, taking into account the descending direction of the indicator chart, we assume a possibility of return to the nearest supports at 1,3420/40, 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 1,3480/1,3500, 1,3520/40 and/or further breakout variant up to 1,3580/1,3600, 1,3640/60, 1,3700/40. Alternative for sales will be below 1,3380 targeting 1,3320/40, 1,3260/80.

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