Bullish Counteraction to EURUSD Fall Rises

CHF

The assumed retracement to the key supports was confirmed with conditions for realization of the planned realization of the planned long positions. OsMA trend indicator, being in rising direction, supports preservation of long positions targeting 0,8540/50 and/or further breakout variant up to 0,8580/90, 0,8620/30. Alternative for sales will be below 0,8440 targeting 0,8400/10, 0,8360/70.

GBP

The planned breakout variant for sales was realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked relative growth of bullish activity after formation of a topping bullish signal, gives grounds to assume further correction period with preferable long positions for today. Thus, presently, taking into account the descending direction of the indicator chart, we assume a possibility of retracement to supports 1,6080/1,6100, where it is recommended to evaluate activity development on the charts with smaller time frame. For short-term long positions, on condition of formation of topping signals, the targets will be 1,6140/60, 1,6200/40 and/or further breakout variant up to 1,6280/1,6300, 1,6340/60. Alternative for sales will be below 1,6040 targeting 1,5980/1,6000, 1,5920/40.

JPY

The assumed retracement to the key supports was confirmed, but substantial growth of bearish activity marked by OsMA didn’t dispose to realization of the planned long positions. Thus, presently, tending to sales and taking into account the ascending direction of the indicator chart, we assume a possibility of retracement to the nearest resistance levels 80,70/80, 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 80,30/40 and/or further breakout variant up to 79,90/80,00, 7950/60. Alternative for buyers will be above 81,20 targeting 81,50/60, 81,90/82,00.

EUR

The planned short positions from the key resistance levels were realized with overlapping of the minimum and basic assumed targets. OsMA trend indicator, having marked close parity of parties activity, doesn’t introduce any certainty in relation to choice of priorities for today according to the chosen strategy. Thus, assuming perspective of sideway trading and taking into account the descending direction of the indicator chart, we assume a retracement to supports 1,4100/20, where it is recommended to evaluate activity development on the charts with smaller time frame. For short-term long positions, on condition of formation of topping signals, the targets will be 1,4160/80, 1,4220/40 and/or further breakout variant up to 1,4280/1,4300, 1,4340/60. Alternative for sales will be below 1,4060 targeting 1,3960/1,4000.