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Old 26th November 2009, 13:31
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alessio09 alessio09 is offline
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Default Bullish Break in Euro Took Place

EUR/USD

The pre-planned break-out variant for buyers has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked formation of reversal bearish signal so far does not clarify the level of bearish opposition. Therefore, considering earlier chosen priority of bullish direction in planning trading operations for today, and taking into account current bearish cycle of indicator chart, we can assume probability of rate return to close 1,5060/80 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 1,5120/40, 1,5180/1,5200 and (or) further break-out variant up to 1,5240/60, 1,5300/20, 1,5380/1,5420. The alternative for sales will be below 1,5000 with the targets of 1,4940/60, 1,4880/1,4900.

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