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Old 16th March 2010, 10:30
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alessio09 alessio09 is offline
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Default Balance in Euro Preserved

EUR/USD

The pre-planned break-out variant for sales has been implemented, but with loss in attainment of anticipated targets. OsMA trend indicator, having marked relatively high level of bearish activity at break of key supports, suggests at least incompleteness of rate decline period and, therefore, suggests preference of bearish direction in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to close 1,3710/30 resistance 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 sales, on condition of the formation of topping signals the targets will be 1,3650/70, 1,3600/20 and (or) further break-out variant up to 1,3540/60, 1,3480/1,350. The alternative for buyers will be above 1,3800 with the targets of 1,3840/60, 1,4000/20.
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