Parity of EUR/USD Bulls and Bears

By @ibtimes on

CHF

The planned breakout variant for buyers has been realized and the high level of bullish activity marked by OsMA gives grounds for preservation of long positions with perspectives of achievement of the assumed targets. Presently, taking into account the descending direction of the indicator chart, there’s a probability of return to the nearest supports at 0.9760/80, 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 0.9820/40, 0.9880/0.9900 and/or further breakout variant up to 0.9940/60, 1.0000/20, 1.0060/80. Alternative for sales will be below 0.9720 targeting 0.9660/80, 0.9600/20, 0.9540/60.

GBP

The assumed return to the key supports has been confirmed, but the high level of bearish activity, marked by OsMA trend indicator, didn’t dispose to realization of the planned long positions. Presently, evaluating the existing picture in favour of incompleteness of correction period and taking into consideration the ascending direction of the indicator, we assume a return to the highs of this week at 1.5780/1.5800, 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 1.5720/40, 1.5660/80, 1.5600/20 and/or further breakout variant up to 1.5540/60, 1.5480/1.5500. Alternative for buyers will be above 1.5840 targeting 1.5880/1.5900, 1.5940/60, 1.6000/20.

JPY

The planned breakout variant for sales has been realized and preservation of advantage of bearish activity in general plan gives grounds for preservation of opened short positions with perspective of achievement of assumed targets. Presently, taking into account the ascending direction of the indicator, there’s a possibility of return to the nearest resistance levels at 82.70/90, 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 82.30/40 and/or further breakout variant up to 81.90/82.00, 81.50/60, 80.90/81.10. Alternative for buyers will be above 83.10 targeting 83.40/50, 83.80/90, 84.20/30.

EUR

The assumed return of the rate to the key supports has been confirmed, but the high level of bearish activity, marked by OsMA trend indicator, didn’t dispose to realization of the planned long positions. Thus, presently, based upon assumptions about incompleteness of correction period and taking into account the ascending direction of the indicator chart, we assume a possibility of return closer to this week’s high at 1.3380/1.3400, 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 1.3320/40, 1.3260/80, 1.3180/1,3200 and/or further breakout variant up to 1.3220/40, 1.3160/80, 1.3100/20. Alternative for buyers will be above 1.3440 targeting 1.3480/1.3500, 1.3540/60, 1.3600/20.

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