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The pre-planned break-out variant for buyers has been implemented, but with damage to several points in achievement of minimal anticipated target. OsMA trend indicator, having marked relative activity rise of both parties, does not clarify the choice of planning priorities for today. Nevertheless, considering developed relative prevailing of bullish party and current bearish activity cycle we can assume probability of rate return to close channel support “1” contained in 1,4020/40 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 short-term buying positions on condition of the formation of topping signals the targets will be 1,4080/1,4100, 1,4160/80, 1,4200/20 and (or) further break-out variant up to 1,4260/80, 1,4320/40, 1,4380/1,4400. The alternative for sales will be below 1,3960 with the targets of 1,3900/20, 1,3840/60, 1,3760/80.
You may view technical analyses on other major currency pairs Including USD/CHF, USD/JPY, GBP/USD, EUR/USD and other pairs by visiting our website
The pre-planned break-out variant for buyers has been implemented, but with damage to several points in achievement of minimal anticipated target. OsMA trend indicator, having marked relative activity rise of both parties, does not clarify the choice of planning priorities for today. Nevertheless, considering developed relative prevailing of bullish party and current bearish activity cycle we can assume probability of rate return to close channel support “1” contained in 1,4020/40 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 short-term buying positions on condition of the formation of topping signals the targets will be 1,4080/1,4100, 1,4160/80, 1,4200/20 and (or) further break-out variant up to 1,4260/80, 1,4320/40, 1,4380/1,4400. The alternative for sales will be below 1,3960 with the targets of 1,3900/20, 1,3840/60, 1,3760/80.
You may view technical analyses on other major currency pairs Including USD/CHF, USD/JPY, GBP/USD, EUR/USD and other pairs by visiting our website
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