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Old 7th December 2009, 10:55
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alessio09 alessio09 is offline
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Default Strengthening of Bearish Concern in Euro

EUR/USD

The pre-planned break-out variant for sales has been implemented with overlap of anticipated targets. OsMA trend indicator, having marked essential rise in sales activity at break of key supports, gives grounds favoring priority of bearish direction in planning trading operations for today. Therefore, considering ascending direction of indicator chart, we can assume probability of reaching channel line 2 at 1,4940/60 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 1,4740/60, 1,4680/1,4700, 1,4620/40. The alternative for buyers will be above 1,5010 with the targets of 1,5060/80, 1,5120/40.

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