EUR/USD Testing Year’s High

By @ibtimes on

CHF

The planned breakout variant for sales has been realized with achievement of the minimum assumed target. OsMA trend indicator, having marked close parity of parties activity on the background of relative growth of bullish counteraction, gives grounds to assume a period of correction with preferable sales for planning trades for today. Thus, we assume a possibility of return to the nearest resistance levels at 0,9180/90, 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 0,9140/50 and/or further breakout variant up to 0,9100/10, 0,9060/70. Alternative for buyers will be above 0,9260 targeting 0,9290/0,9300, 0,9340/60.

GBP

The assumed retracement to the key supports has been confirmed, but further decline together with bearish activity growth according to OsMA trend indicator version didn’t dispose to realization of planned long positions. Thus, presently, evaluating the existing situation in favour of sales, we assume a possibility of return to the nearest resistance levels 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 planned breakout variant for sales has been realized with achievement of the assumed target. OsMA trend indicator, having marked drop of activity of both parties, gives grounds to assume perspective of range movement without any certainty in relation to choice of priorities for today. Thus, according to the ascending direction of the indicator chart, we assume a possibility of retracement to the channel line «1» at 81,40/50, 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 81,00/10, 80,60/70, 80,20/30. Alternative for buyers will be above 82,00 targeting 82,30/40, 82,70/80, 83,10/20.

EUR

The planned long positions from the key supports have been realized with achievement of the basic assumed targets. OsMA trend indicator, having marked the result of yesterday by close parity of parties activity, gives grounds to assume a period of 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 at 1,3920/40, 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 1,3980/1,4000, 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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