Bullish Trend in Euro. EUR/USD Technical Ananlysis

[FEUA]

The pre-planned long positions from key supports have been implemented with achievement of minimal anticipated target. OsMA trend indicator, having marked consistent decline in activity of both parties, as earlier does not clarify the choice of planning priorities for today. Therefore, considering probable rate range movement, we can assume another test of close 1,4160/70 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 1,4210/20, 1,4280/1,4300 and (or) further break-out variant up to 1,4340/60, 1,4400/20, 1,4460/1,4500. The alternative for sales will be below 1,4100 with the targets of 1,4040/60, 1,3980/1,4000.

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