Updated Analysis on Majors

[alessio09]

EUR/USD

The pre-planned buying positions form key resistance range level has been implemented with attainment of the anticipated targets. OsMA trend indicator, having marked priority of bullish party, suggests preference of planning long positions for today. Therefore, at this point, considering sign of rate overbought, there is probability of rate return to close 1,4020/40 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 buying positions, on condition of the formation of topping signals the targets will be 1,4080/1,4100 and (or) further break-out variant up to 1,4140/60, 1,4200/20, 1,4260/80. The alternative for sales will be below 1,3900 with the targets of 1,3840/60, 1,3780/1,3800.

Technical analysis on majors

[alessio09]

EUR/USD

The pre-planned break-out variant for buyers has been implemented, but with loss in attainment of the anticipated targets. OsMA trend indicator, having marked relative rise of bearish activity as a result of the previous trading day, suggests further rate range movement, but with preserved preference of long positions in planning trading operations for today. Hence, we can assume probability of rate return to close 1,3980/1,4000 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 1,4040/60, 1,4100/20 and (or) further break-out variant above 1,4140 with the targets of 1,4180/1,4200, 1,4240/60, 1,4300/20. The alternative for sales will be below 1,3940 with the targets of 1,3880/1,3900, 1,3820/40, 1,3760/80.

Technical analysis on majors

[alessio09]

EUR/USD

The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked essential rise in bearish activity at break of key supports, suggests preference of bearish direction in planning trading operations for today. Hence and considering a sign of rate oversold, we can assume probability of rate return to 1,3920/40 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 sales, on condition of the formation of topping signals the targets will be 1,3860/80, 1,3800/20, 1,3760/80 and (or) further break-out variant up to 1,3700/20, 1,3640/60. The alternative for buyers will be above 1,4020 with the targets of 1,4060/80, 1,4120/40.

Technical analysis on majors