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Old 15th March 2010, 11:06
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alessio09 alessio09 is offline
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Default Expecting Bullish Break in Euro

EUR/USD

The pre-planned break-out variant for buyers has been implemented, but with loss in attainment of several points in attainment of minimal anticipated target. OsMA trend indicator, having marked high level of bullish activity at break of key resistance range levels, suggests preference of bullish direction in planning trading operations for today. At this point, considering descending direction of indicator chart, we can assume probability of rate return to close 1,3700/20 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 1,3760/80, 1,3800/20 and (or) further break-out variant up to 1,3860/80, 1,3920/40, 1,3980/1,4020. The alternative for sales will be below 1,3660 with the targets of 1,3600/20, 1,3540/60.
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