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Technical Analysis
Updated Analysis on Majors
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[QUOTE="alessio09, post: 14881, member: 2376"] [b]Correction in EUR/USD[/b] [B]EUR/USD[/B] [IMG]http://www.forexltd.co.uk/ta/eng/_m_/133663/_p_/image_EUR[/IMG] 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. [B][URL="http://www.forexltd.co.uk/analytic/forecast"]Technical analysis on majors[/URL][/B] [/QUOTE]
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