Hallo everybody!
We would like to represent you our tachnical outlook of 2 major currency pairs EUR/USD and GBP/USD
Euro
The estimated test of key supports has been confirmed but OsMA trend indicator marks relative bearish activity rise and does not incline to immediate implementation of pre-planned long positions. In the current situation we can assume probability of further rate correction period with key supports at 1,3520/40 levels, where it is recommended to evaluate 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 1,3580/1,3600, 1,3640/60, 1,3700/40 and (or) further break-out variant up to 1,3780/1,3800, 1,3840/60, 1,3900/20. The alternative for sales will be below 1,3490 with the targets of 1,3420/40, 1,3360/80, 1,3300/20.
GBP
The estimated test of key supports has been confirmed, but OsMA trend indicator marks relative bearish activity rise and it does not incline to the implementation of pre-planned long positions. At the moment, considering close parity in activity of both parties and the chosen strategy, we can assume probability of rate range movement without clarifying the choice of planning priorities for today. Nevertheless, considering rate position above Ichimoku cloud in favor of bullish party, we can assume another testing of close 1,5060/80 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 the short-term buying positions on condition of the formation of topping signals the targets will be1,5140/60, 1,5200/20, 1,5260/80 and (or) further break-out variant up to 1,5320/40, 1,5380/1,5400. The alternative for sales will be below 1, 4960 with the targets of 1,4900/20, 1,4820/40, 1,4740/60
If you would like to read or subscribe for all the other free outlooks as well as paid outlooks concerning other financial tools, you could do it at our site http://forexltd.co.uk/
We would like to represent you our tachnical outlook of 2 major currency pairs EUR/USD and GBP/USD
Euro
The estimated test of key supports has been confirmed but OsMA trend indicator marks relative bearish activity rise and does not incline to immediate implementation of pre-planned long positions. In the current situation we can assume probability of further rate correction period with key supports at 1,3520/40 levels, where it is recommended to evaluate 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 1,3580/1,3600, 1,3640/60, 1,3700/40 and (or) further break-out variant up to 1,3780/1,3800, 1,3840/60, 1,3900/20. The alternative for sales will be below 1,3490 with the targets of 1,3420/40, 1,3360/80, 1,3300/20.
GBP
The estimated test of key supports has been confirmed, but OsMA trend indicator marks relative bearish activity rise and it does not incline to the implementation of pre-planned long positions. At the moment, considering close parity in activity of both parties and the chosen strategy, we can assume probability of rate range movement without clarifying the choice of planning priorities for today. Nevertheless, considering rate position above Ichimoku cloud in favor of bullish party, we can assume another testing of close 1,5060/80 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 the short-term buying positions on condition of the formation of topping signals the targets will be1,5140/60, 1,5200/20, 1,5260/80 and (or) further break-out variant up to 1,5320/40, 1,5380/1,5400. The alternative for sales will be below 1, 4960 with the targets of 1,4900/20, 1,4820/40, 1,4740/60
If you would like to read or subscribe for all the other free outlooks as well as paid outlooks concerning other financial tools, you could do it at our site http://forexltd.co.uk/
