EUR/USD Trading Sideways

By @ibtimes on

CHF

The planned short positions from the key resistance levels were realized with achievement of the basic assumed targets. OsMA trend indicator, having marked the result of yesterday by drop of activity of both parties, gives grounds to assume a perspective of range movement without any certainty in relation to choice of priorities for today. Thus, presently, taking into account the ascending direction of the indicator chart, we assume a retracement to Ichimoku cloud boarders at 0,8820/30, 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 0,8780/90 and/or further breakout variant up to 0,8740/50, 0,8700/10. Alternative for buyers will be above 0,8890 targeting 0,8920/30, 0,8960/70.

GBP

The planned breakout variant for buyers was realized with achievement of the minimum assumed target. OsMA trend indicator, having marked drop of activity of the parties, gives grounds to assume a 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 a test of Senkou Span B line of Ichimoku indicator at 1,6300/20, 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 1,6240/60, 1,6180/1,6200, 1,6120/40 and/or further breakout variant up to 1,6060/80, 1,6000/20. Alternative for buyers will be above 1,6400 targeting 1,6440/60, 1,6500/20.

JPY

The planned breakout variant for buyers was realized with loss of achievement of the assumed targets. OsMA trend indicator, having marked growth of both parties on the background of absence of certainty in relation to choice of priorities for today, substantially rises risks of trades. Thus, in short-term plan, taking into account a tendency of growth of bearish activity, we assume a possibility of retracement to the nearest resistance levels 81,20/30 as a favourable direction for short-term trading, 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 80,80/90 and/or further breakout variant up to 80,40/50, 80,00/10, 79,60/70. Alternative for buyers will be above 81,80 targeting 82,10/20, 82,50/70.

EUR

The planned short positions from the key resistance levels were realized with achievement of the basic assumed targets assumed targets. OsMA trend indicator, having marked the result of Tuesday by drop of activity of both parties, doesn’t introduce any certainty in relation to choice of priorities for today according to the chosen strategy. Thus, presently, taking into account the topping moment of the indicator chart, we assume a possibility of retracement to the nearest supports 1,4200/20, 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 1,4260/80, 1,4320/40 and/or further breakout variant up to 1,4380/1,4400, 1,4440/60. Alternative for sales will be below 1,4160 targeting 1,4100/20, 1,4040/60.

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