Previous long positions achieved minimum targets. OsMA trend indicator having marked parity of activity in the general plan also evinced logical incompleteness of bearish development, thus lowering perspective of further bullish development and increasing a probability of further range movement. Hence, according to descending direction of the chart we assume return to the nearest supports 1.0980/1.1000, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term buys on condition of formation of topping signals the targets will be 1.1040/60, 1.1100/20 and/or further breakout variant up to 1.1160/80, 1.1200/20. An alternative for sales will be below 1.0940 with the targets 1.0880/1.0900, 1.0820/40.
Previous short positions reached our minimum assumed targets. OsMA trend indicator having marked extremely low activity of both parties nevertheless supports priority of bearish direction for today. Presently, taking into account uncertainty of the situation as for the short-term perspectives and some risk of immediate opening of short position, to reduce trading risks, we have a breakout variant for sales lower than 1.9460 with the targets 1.9400/20, 1.9360/80 and/or further breakout variant up to 1.9300/20, 1.9240/60, 1.9200/20. An alternative for buyers will be above 1.9550 with the targets 1.9600/20, 1.9660/80, 1.9700/20.
The pre-planned breakout variant for sales has been realized without attainment of the count targets. OsMA trend indicator having marked relatively high growth of bearish activity supports perspective of further decline on the background of the current unconvincing development of bullish counteraction. Nevertheless without proper grounds in favour of bearish priorities, we assume a probability of another try to break support 106,40 with further decline to 108,80/106,00, 105,20/40, 104,80/105,00. An alternative for renewal of long positions will be above 107,80 with the targets 108,20/40, 108,80/109,00, 109,60/80.
The assumed test of the key resistance range has not been confirmed, but the expected fall within activity parity of both parties doesn't introduce any certainty to perspectives of any substantial breaks for today. In this situation, according to the chosen strategy, we assume range movement of the rate with another test of the resistance level 1.4550/70, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 1.4480/1.4510 and/or further breakout variant up to 1.4440/50, 1.4380/1.4400, 1.4320/40. An alternative for buyers will be above 1.4650 with the targets 1.4700/20, 1.4760/80, 1.4800/20.