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Old 15th February 2010, 10:41
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alessio09 alessio09 is offline
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Default Correction of Bearish Trend in Euro

EUR/USD

The pre-planned break-out variant for sales has been implemented, but with loss of several points in attainment of minimal anticipated target. OsMA trend indicator, having marked rate oversold with further relative rise of bullish counteraction, suggests further rate correction period, however, with preserved bearish preference in planning trading operations for today. Hence, we can assume probability of rate return to 1,3660/80 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales on condition of the formation of topping signals the targets will be 1,3600/20, 1,3540/60, 1,3480/1,3500 and (or) further break-out variant up to 1,3420/40, 1,3360/80, 1,3300/40. The alternative for buyers will be above 1,3800 with the targets of 1,3840/60, 1,3900/20, 1,3960/80.
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