Consolidation in Euro before Bullish Rally Resumption.Technical Analysis on Majors

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EUR/USD

The pre-planned long positions from key supports have been implemented with achievement of minimal anticipated target. OsMA trend indicator, having marked fall in both party activity does not clarify the choice of planning priorities for today. Therefore, considering supposition of probable rate range movement, as earlier we can assume probability of rate return to close 1,4920/40 support 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 buying positions on condition of the formation of topping signals the targets will be 1,4980/1,5000, 1,5040/60 and (or) further break-out variant up to 1,5100/20, 1,5160/80, 1,5220/40. The alternative for sales will be below 1,4880 with the targets of 1,4820/40, 1,4760/80.

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