Latest Technical Analysis on Majors

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The pre-planned break-out variant for sales has been implemented with achievement of minimal anticipated target. OsMA trend indicator, having marked this week`s Low by formation of bullish topping signal with further relative rise of buying activity without signs of choice for planning priorities, gives grounds favoring further rate correction period within the case of downside channel with continuing trend for further rate decline. Hence, we can assume probability of rate return to close 1,3930/50 resistance range 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 1,3860/80, 1,3820/30 and (or) further break-out variant up to 1,3760/80, 1,3700/20, 1,3640/60. The alternative for buyers will be above 1,4000 with the targets of 1,4040/60, 1,4100/20.

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