EUR/USD in the Downtrend Channel

By @ibtimes on

CHF

The assumed return of the rate to the key supports has been realized with conditions for realization of the planned long positions. OsMA trend indicator, having marked a tendency of strengthening of the factor of oversold condition, gives grounds to preserve open long positions targeting 0,9720/40, 0,9780/0,9800 and/or further breakout variant up to 0,9840/60, 0,9900/20. Alternative for sales will be below 0,9640 targeting 0,9580/0,9600, 0,9520/40.

GBP

The assumed test of the key resistance levels has not been confirmed, but activity decline, marked by OsMA trend indicator, gives grounds just for slight correction of previous trading plans to apply for today. Thus, we assume a possibility of achievement of Ichimoku cloud boarders at 1,6060/80, 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 1,6000/20, 1,5940/60 and/or further breakout variant up to 1,5880/1,5900, 1,5820/40, 1,5760/80. Alternative for buyers will be above 1,6160 targeting 1,6200/20, 1,6260/80.

JPY

The planned short positions from the key resistance range have been realized without achievement of the assumed targets yesterday. OsMA trend indicator, having marked low level of parties’ activity, gives grounds to preserve earlier opened short positions targeting 83,00/10 and/or further breakout variant up to 82,60/70, 82,20/30. Alternative for buyers will be above 83,70 targeting 84,00/10, 84,40/50.

EUR

The planned breakout variant for sales has been realized with achievement of the assumed target. OsMA trend indicator, having marked close parity of parties activity in the general plan, doesn’t introduce any certainty in relation to choice of priorities for today. Thus, according to perspectives of range movement, we assume a possibility of its return to the nearest resistance levels at 1,3540/60, 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 1,3480/1,3500, 1,3420/40 and/or further breakout variant up to 1,3360/80, 1,3300/20. Alternative for buyers will be above 1,3640 targeting 1,3680/1,3700, 1,3740/60.

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