EUR/USD Moving Sideways

By @ibtimes on

CHF

Low level of parties activity yesterday didn’t dispose to realization of trading plans. Thus, presently, according to assumptions about perspective of range movement without any certainty in relation to choice of priorities, we assume a possibility of another test of supports 0,8900/20, 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 0,8960/80, 0,9020/40 and/or further breakout variant up to 0,9080/0,9100. Alternative for renewal of short positions will be below 0,8840 with targets 0,8780/0,8800, 0,8720/40, 0,8660/80.

GBP

The assumed retracement to the key resistance levels has been confirmed with conditions for realization of the planned short positions. OsMA trend indicator, having marked relatively low level of both parties’ activity, doesn’t contradict with decisions about preservation of open short positions with targets 1,6260/80, 1,6200/20 and/or further breakout variant up to 1,6140/60, 1,6080/1,6100. Alternative for buyers will be above 1,6440 with targets 1,6480/1,6500, 1,6540/60.

JPY

The planned breakout variant for sales has been realized with loss in achievement of the assumed targets. OsMA trend indicator, having marked parity of parties’ activity in the general plan, gives grounds to assume range movement without any certainty in relation to choice of priorities for today. Thus, presently, we assume a possibility of retracement to the nearest resistance levels 83,70/80, 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 83,30/40, 82,90/83,00 and/or further breakout variant up to 82,50/60, 81,10/20. Alternative for buyers will be above 84,40 with targets 84,70/80, 85,10/20.

EUR

The assumed retracement to the key supports has been confirmed, but progress of bearish activity, marked by OsMA trend indicator, didn’t dispose to realization of the assumed long positions. Presently, according to assumptions about incomplete correction period and the ascending direction of the indicator chart, we assume a possibility of retracement to the nearest resistance levels 1,4500/20, 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 1,4440/60, 1,4380/1,4400 and/or further breakout variant up to 1,4320/40, 1,4260/80. Alternative for buys renewal will be above 1,4560 with targets 1,4600/20, 1,4660/80, 1,4720/40.

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