Parity of EUR/USD Bulls and Bears

By @ibtimes on

CHF

The planned long positions from the key supports have been realized and achievement of the nearest assumed targets is «supported» by existing ascending direction of OsMA trend indicator. Presently, evaluating current technical picture through drop of activity of both parties as a sign of range movement, we assume achievement of the nearest resistance levels 0,8970/80, 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 0,8930/40, 0,8890/0,8900 and/or further breakout variant up to 0,8850/60, 0,8810/20. Alternative for buyers will be above 0,9020 targeting 0,9050/60, 0,9090/0,9100.

GBP

Earlier opened short positions had positive result of achievement of the assumed targets yesterday. Nevertheless, current descending direction of the indicator chart gives grounds to preserve open short positions with earlier defined targets 1,6260/80, 1,6200/20 and/or further breakout variant up to 1,6140/60, 1,6080/1,6100. Alternative for buyers will be above 1,6440 targeting 1,6480/1,6500, 1,6540/60.

JPY

The assumed retracement to the key resistance levels has been confirmed with conditions for realization of the planned short positions. OsMA trend indicator, being in descending direction, «supports» preservation of open short positions targeting 83,30/40, 82,90/83,00 and/or further breakout variant up to 82,50/60, 81,10/20. Alternative for buyers will be above 84,40 targeting 84,70/80, 85,10/20.

EUR

The planned short positions from the key resistance range have been realized with achievement of the basic assumed targets. OsMA trend indicator, having marked parity of parties’ activity, gives grounds to assume further 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 retracement to supports 1,4420/40, 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 1,4500/20 and/or further breakout variant up to 1,4560/80, 1,4620/40. Alternative for sales will be below 1,4360 targeting 1,4300/20, 1,4240/60.

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