EUR/USD Oversold

By @ibtimes on

CHF

The planned breakout variant for buyers was realized with achievement of the basic assumed targets. OsMA trend indicator, having marked overbought condition of the rate, gives grounds to assume a period of correction with preservation of bullish priorities of planning for today. Thus, presently, taking into account the descending direction of the indicator, we assume a possibility of retracement to the supports 0,8730/40, 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 0,8770/80, 0,8810/20 and/or further breakout variant up to 0,8850/60, 0,8890/0,8900, 0,8930/40. Alternative for sales will be below 0,8640 targeting 0,8600/10, 0,8560/70.

GBP

The planned short positions from the key resistance levels were realized with achievement of the basic assumed targets. OsMA trend indicator, having marked drop of activity of both parties, gives grounds to assume further range movement without any certainty in relation to choice of priorities for today. Thus, according to the current direction of the indicator chart, we assume a possibility of another retracement to 1,6440/60, where it is recommended to evaluate activity development on the charts with smaller time frame. For sales, on condition of formation of topping signals the targets will be 1,6380/1,6400, 1,6320/40, 1,6280/1,6300 and/or further breakout variant up to 1,6220/40, 1,6160/80. Alternative for buyers will be above 1,6600 targeting 1,6640/60, 1,6700/20.

JPY

The planned short positions from the key resistance levels were realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked low level of parties’ activity, gives grounds to leave previous trading plans unchanged. Thus, as earlier, we assume a possibility of achievement of the resistance levels 80,80/90, 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 80,40/50, 80,00/10 and/or further breakout variant up to 79,60/70, 79,20/30. Alternative for buyers will be above 81,30 targeting 81,60/70, 82,00/10, 82,40/50.

EUR

The planned breakout variant for sales was realized with overlapping of the assumed targets. OsMA trend indicator, having marked formation of a topping bullish signal on the background of the existing ascending direction, gives grounds to assume a period of correction with preservation of bearish priorities of planning for today. Thus, presently, we assume a retracement to 1,4440/60, where it is recommended to evaluate activity development on the charts with smaller time frame. For sales, on condition of formation of topping signals the targets will be 1,4380/1,4400, 1,4300/40 and/or further breakout variant up to 1,4240/60, 1,4180/1,4200, 1,4120/40. Alternative for buyers will be above 1,4560 targeting 1,4600/20, 1,4660/80.

Join the Discussion