EUR/USD Intraday Bullish Trend

By @ibtimes on

CHF

The planned breakout variant for sales has been realized with loss in achievement of the assumed targets. OsMA trend indicator, having marked a progress of bearish activity at the break of the key supports, gives grounds to assume that bearish cycle is incomplete and to prefer planning sales for today. Thus, presently, taking into account the ascending direction of the indicator chart, we assume a possibility of return to resistance levels at 0,9600/10, 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 0,9550/60, 0,9520/30 and/or further breakout variant up to 0,9480/90, 0,9450/60. Alternative for buyers will be above 0,9630 targeting 0,9660/70.

GBP

The planned return of the rate to the key resistance levels has been confirmed with conditions for realization of the planned short positions. Presently, with the descending direction of the indicator chart and according to the chosen strategy, there're grounds for preservation of open short positions targeting 1,6040/60, 1,5980/1,6000 and/or further breakout variant up to 1,5920/40, 1,5860/80, 1,5800/20. Alternative for buyers will be above 1,6200 targeting 1,6240/60, 1,6300/20.

JPY

The planned breakout variant for buyers has been realized and presently, on the background of the ascending direction of the indicator chart, we have grounds to preserve earlier opened long positions targeting 82,80/90, 83,20/30 and/or further breakout variant up to 83,60/70. Alternative for sales will be below 82,10 targeting 81,70/80, 81,30/40.

EUR

The planned breakout variant for buyers has been realized and presently, on the background of the ascending direction of the indicator chart, we have grounds to preserve earlier opened long positions targeting 82,80/90, 83,20/30 and/or further breakout variant up to 83,60/70. Alternative for sales will be below 82,10 targeting 81,70/80, 81,30/40.

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