EUR/USD Intraday Range Reduction

By @ibtimes on

CHF

The planned short positions from the key resistance levels were realized with overlapping of the minimum and basic assumed target. OsMA trend indicator, having marked the result of yesterday by low level of parties activity, doesn’t introduce any certainty in relation to choice of priorities for today. Thus, according to assumptions about perspective of further range movement, we assume a possibility of another retracement closer to Ichimoku cloud boarders at 0,8810/20, 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 0,8770/80,0,8730/40 and/or further breakout variant up to 0,8690/0,8700, 0,8650/60. Alternative for buyers will be above 0,8860 with targets 0,8890/0,8900, 0,8930/40.

GBP

The planned breakout variant for sales was realized and achievement of the assumed targets is «supported» by advantage of bearish activity, marked by OsMA trend indicator at the break of the key supports. Presently, taking into account the ascending direction of the indicator chart, there’s a possibility of retracement to the nearest Ichimoku cloud boarder at 1,6200/20, 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 1,6140/60, 1,6080/1,6100 and/or further breakout variant up to 1,6020/40, 1,5960/80. Alternative for buyers will be above 1,6340 with targets 1,6380/1,6400, 1,6440/60.

JPY

The planned sales from the key resistance levels were realized with loss of some pips in achievement of the minimum assumed target. OsMA trend indicator, having marked close parity of parties’ activity in general, gives grounds to assume further range movement without any certainty in relation to choice of priorities for today. Thus, presently, taking into account the descending direction of the indicator chart, we assume a possibility of retracement to the nearest supports 81,40/50, 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 81,80/90 and/or further breakout variant up to 82,20/30, 82,60/70. Alternative for sales will be below 80,90 with targets 80,50/60, 80,10/20.

EUR

The planned long positions from the key supports were realized with overlapping of the minimum assumed targets. OsMA trend indicator, having marked a tendency of continuation of parties’ activity decline, gives grounds to assume perspective of range movement without any certainty in relation to choice of priorities for today. Thus, in the given situation we assume a possibility of retracement to Senkou Span B line of Ichimoku indicator at 1,4220/40, 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 1,4280/1,4300, 1,4340/60 and/or further breakout variant up to 1,4400/20, 1,4460/80. Alternative for sales will be below 1,4160 with targets 1,4100/20, 1,4040/60.

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