EUR/USD. Latest Update

[alessio09]

EUR/USD
The pre-planned long positions from key supports were implemented with the achievement of estimated target as the result of the rebound from channel line «1». At the moment OsMA trend indicator marks relative bullish activity rise and gives grounds for buyers direction priority of planning of trading operations for today. As for short-term buying positions on condition of the formation of topping signals the targets will be 1,4330/80 and (or) further break-out variant up to 1,4420/40, 1,4500/20. The alternative for sales will be 1,4210/30 and further break-out variant to 1,4150/70, 1,3900/20.

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Euro/Dollar

Euro/Dollar continued the bearish movement on Wednesday. The couple currency reached a top at 1.4194, than was Jobs dropping down to the 1.4007 bottom, closing the day at 1.4048.Consistent movement under the immediate support level at 1.4005 may trigger further downward pressure with possible test of the next 1.3890 support. The CCI indicator is neutral on the 1 hour chart, suggesting calm trading.