View Single Post
  #11 (permalink)  
Old 18th December 2009, 10:46
Default Avatar
alessio09 alessio09 is offline
Senior Member
 
Join Date: Jun 2009
Posts: 168
Thanks: 0
Thanked 0 Times in 0 Posts
Default Bearish Trend in Euro Continues

EUR/USD

The pre-planned break-out variant for sales has been implemented, but with loss in several points in attainment of minimal anticipated target. OsMA trend indicator, having marked relative rise of both party activity as the result of the previous trading day, considering the chosen strategy, does not clarify the choice of planning priorities for today. Nevertheless, considering preservation of bearish party priority, and taking into account sign of bullish activity incompleteness, we can assume probability of rate return to channel line 1 at 1,4420/40 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 short-term sales on condition of the formation of topping signals the targets will be 1,4360/80, 1,4300/20 and (or) further break-out variant up to 1,4240/60, 1,4180/1,4200, 1,4100/40. The alternative for buyers will be above 1,4520 with the targets of 1,4560/80, 1,4620/40, 1,4700/40.
Reply With Quote