Growth of EUR/USD Bearish Potential

By @ibtimes on

CHF

The planned breakout variant for buyers has been realized with achievement of the assumed target. OsMA trend indicator, having marked parity of parties activity in general plan, doesn’t introduce any certainty in relation to choice of priorities for today according to the chosen strategy. Thus, according to the assumptions about incompleteness of period of bullish development and taking into account the descending direction of the indicator chart, we assume a retracement to the nearest supports at 0,9320/30, 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 0,9360/70 and/or further breakout variant up to 0,9400/10, 0,9440/50, 0,9480/90. Alternative for sales will be below 0,9270 targeting 0,9230/40, 0,9190/0,9200.

GBP

The planned breakout variant for sales has been realized with loss of some points in achievement of the minimum assumed target. OsMA trend indicator, having marked a break of the key supports by oversold condition of the rate, gives grounds to preserve sales preferences for planning trades for today. Thus, presently, we assume a retracement to Ichimoku cloud boarders at 1,6180/1,6200, 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 1,6120/40 and/or further breakout variant up to 1,6060/80, 1,6000/20, 1,5940/60. Alternative for buyers will be above 1,6260 targeting 1,6300/20, 1,6360/80.

JPY

The planned breakout variant for buyers has been realized with achievement of the minimum assumed target. OsMA trend indicator, having marked the result of Tuesday by activity decline of both parties, doesn’t introduce any certainty in relation to choice of priorities for today. Thus, on the background of low level of bearish counteraction, we assume a possibility of further growth after its retracement to supports at 82,60/70, 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 83,00/10 and/or further breakout variant up to 83,40/50, 83,80/90. Alternative for sales will be below 82,30 targeting 81,90/82,00, 82,50/60.

EUR

The planned breakout variant for sales has been realized and achievement of the assumed targets is «supported» by progress of bearish activity marked by OsMA trend indicator at the break of key supports. Presently, taking into account bullish sign of the indicator, there’s a possibility of retracement to resistance levels at 1,3900/20, 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 1,3840/60 and/or further breakout variant up to 1,3780/1,3800, 1,3720/40. Alternative for buyers will be above 1,3960 targeting 1,4000/20, 1,4060/80, 1,4120/40.

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