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Old 17th February 2010, 15:49
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alessio09 alessio09 is offline
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Default Bullish Potential in Euro Strengthens

EUR/USD

Earlier opened and held short positions did not have a positive result within the frames of the previous trading session. OsMA trend indicator, having marked strengthening of buying activity, delivers negative signs regarding holding of earlier opened sales. Therefore, at this point, considering preference of bullish direction in planning trading operations for today and current descending direction of indicator chart, we can assume probability of rate return to close 1,3720/40 supports, 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 buying positions on condition of the formation of topping signals the targets will be 1,3780/1,3800, 1,3820/40 and (or) further break-out variant up to 1,3880/1,3900, 1,3960/80, 1,4020/40. The alternative for sales will be below 1,3660 with the targets of 1,3600/20, 1,3540/60.
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