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Old 1st March 2010, 15:29
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alessio09 alessio09 is offline
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Default Flat Period in Euro Continues

EUR/USD

The pre-planned break-out variant for buyers has been implemented, but with loss in attainment of the anticipated targets. OsMA trend indicator, having marked break of key resistance range levels by low degree of bullish party activity, does not clarify prospects of further rate rise as well as the choice of planning priorities for today. Therefore, considering supposition of further rate range movement we can assume probability of rate return to close 1,3560/80 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 1,3620/40, 1,3680/1,3700 and (or) further break-out variant up to 1,3740/60, 1,3800/20. The alternative for sales will be below 1,3520 with the targets of 1,3460/80, 1,3380/1,3400.
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