FXstreet.com (Barcelona) - The unit fluctuates in a narrow range of 40 points.20 SMA and 50 SMA on the 60 minutes chart are moving upward though CCI is heading for a fall. Supports are seen at 1.44750 and 1.4700 while resistances are seen at 1.4813 and 1.4813.
According to Igor Kulaga analyst at Forex Ltd the pre-planned long positions from key supports were implemented with the achievement of main estimated targets. OsMA trend indicator, having marked bullish activity preservation gives grounds to preserve bullish direction priority for planning of trading operations for today.
The unit trades with low volatility just below the resistance at 133.33. MACD bullish cross is about to occur on the 60 minutes. Supports are seen at 132.50 and 131.70, while resistances are seen 133.33, and 133.60.