EUR/USD Preserves Potential to Break Highs

By @ibtimes on

CHF

The planned short positions from the key resistance range have been realized with overlapping the assumed targets. OsMA trend indicator, having marked substantial growth of bearish activity at the break of the key supports gives grounds to prefer sales for planning trades for today. Thus, taking into account the ascending direction of the indicator, we assume a possibility of retracement to the nearest resistance levels at 0,9060/80, 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 0,9000/20, 0,8940/60, 0,8880/0,8900 and/or further breakout variant up to 0,8820/40, 0,8760/80. Alternative for buyers will be above 0,9140 targeting 0,9180/0,9200, 0,9260/80.

GBP

The planned short positions from the key resistance range have been realized with achievement of the basic assumed targets. OsMA trend indicator, having marked a drop of activity of both parties, gives grounds to assume further range movement without any certainty in relation to choice of priorities of planning for today. Thus, presently, as earlier we assume a possibility of retracement to Ichimoku cloud boarders at 1,6100/20, 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 1,6040/60, 1,5960/80 and/or further breakout variant up to 1,5900/20, 1,5840/60. Alternative for buyers will be above 1,6200 targeting 1,6240/60, 1,6300/40.

JPY

The assumed return of the rate to the key resistance range for realization of the planned sales has not been confirmed, and the expected decline showed substantial growth of bearish activity as a ground for planning sales for today. Thus, presently, taking into account the ascending direction of the indicator chart, we assume a retracement to the channel line «2» at 79,80/80,00, 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 79,20/40, 78,60/80 and/or further breakout variant up to 78,00/20, 77,40/60, 76,60/80. Alternative for buyers will be above 80,60 targeting 81,00/20, 81,60/80.

EUR

The assumed retracement to the key supports has been confirmed and the existing ascending direction of OsMA trend indicator chart «supports» preservation of open long positions targeting 1,3980/1,4000, 1,4040/60 and/or further breakout variant up to 1,4100/20, 1,4160/80, 1,4220/40. Alternative for sales will be below 1,3850 targeting 1,3790/1,3810, 1,3740/60.

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