EUR/USD Expecting Highs’ Renewal

By @ibtimes on

CHF

The assumed retracement to the key supports has been confirmed, but relative growth of bearish activity, marked by OsMA trend indicator, didn’t dispose to immediate realization of the planned long positions. Presently, considering the situation as parity of activity of the parties and expecting range movement, we assume a possibility of retracement to the nearest levels 0,9090/0,9100, 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 0,9050/60, 0,9020/30 and/or further breakout variant up to 0,8980/90, 0,8920/40. Alternative for buyers will be above 0,9140 targeting 0,9170/80, 0,9220/40, 0,9280/0,9300.

GBP

The planned breakout variant for sales has been realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked a break of the key supports by the sign of formation of topping bullish signal, substantially lowers the perspective of further decline without correction period. Thus, presently, taking into account the ascending direction of the indicator chart, we assume a possibility of retracement to the nearest resistance levels 1,6140/60, 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 0,6080/1,6100 and/or further breakout variant up to 1,6020/40, 1,5960/80. Alternative for buyers will be above 1,6200 targeting 1,6240/60, 1,6300/20, 1,6380/1,6400.

JPY

As earlier, on the background of current low parties activity our trade plans remain the same. We assume a possibility of retracement to supports 80,20/40, 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 80,80/81,00, 81,40/60, 81,80/82,00 and/or further breakout variant up to 82,40/60, 83,00/20, 83,60/80. Alternative for sales will be below 79,40 targeting 78,80/79,00, 78,20/40, 77,60/80.

EUR

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 break of the key resistance levels. Presently, on the background of general preference of bullish direction of planning trades for today, we assume a possibility of return to the nearest supports 1,4140/60, 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 1,4200/20, 1,4240/60 and/or further breakout variant up to 1,4300/20, 1,4360/80. Alternative for sales will be below 1,4040 targeting 1,3980/1,4000, 1,3920/40.

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