Further EUR/USD Decline is Possible

CHF

Earlier opened and preserved long positions had no positive result of achievement of the assumed targets. OsMA trend indicator, having marked the result of yesterday by substantial growth of bearish activity during the test of the key supports gives grounds to assume further decline with preferable sales. Thus, presently, we assume a possibility of retracement to Ichimoku cloud boarders at 0,8380/90, where it is recommended to evaluate activity development on the charts with smaller time frame. For short-term sales, on condition of formation of topping signals, the targets will be 0,8340/50, 0,8300/10 and/or further breakout variant up to 0,8260/70, 0,8220/30. Alternative for buyers will be above 0,8440 with targets 0,8470/80.

GBP

The planned breakout variant for buyers was realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked advantage of bullish activity, despite overbought condition of the rate, gives grounds to prefer long positions for planning trades for today. Thus, presently, we assume a possibility of retracement to the nearest supports 1,6380/1,6400, where it is recommended to evaluate activity development on the charts with smaller time frame. For long positions, on condition of formation of topping signals, the targets will be 1,6440/60, 1,6500/20, 1,6540/60 and/or further breakout variant up to 1,6600/20. Alternative for sales will be below 1,6300 with targets 1,6240/60, 1,6180/1,6200.

JPY

The assumed retracement to the key supports was confirmed with conditions for realization of the planned long positions. OsMA trend indicator, being in the uptrend, supports preservation of long positions with earlier defined targets 80,60/70 and/or further breakout variant up to 81,00/10, 81,40/50, 81,70/80. Alternative for sales will be below 79,50 with targets 79,10/20, 78,70/80, 78,40/50.

EUR

The assumed retracement to the key resistance levels was confirmed, but relative growth of bullish activity marked by OsMA trend indicator didn’t dispose to immediate realization of the planned short positions. Presently, taking into account overbought condition of the rate and general picture of close parity of parties activity, we assume a possibility of achievement of 1,4440/60, where it is recommended to evaluate activity development on the charts with smaller time frame. For short-term sales, on condition of formation of topping signals, the targets will be 1,4370/1,4400 and/or further breakout variant up to 1,4310/30, 1,4240/60. Alternative for buyers will be above 1,4520 with targets 1,4660/80, 1,4620/40, 1,4680/1,4700.