Expecting EUR/USD to Drop Further

CHF

The planned breakout variant for buyers was realized and the current direction of the indicator chart supports preservation of long positions with targets 0,8490/0,8500, 0,8530/40, 0,8570/80. Alternative for sales will be below 0,8380 targeting 0,8340/50, 0,8300/10.

GBP

The planned breakout variant for sales was realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked the progress of bearish activity at the break of the key supports, gives grounds to prefer sales for planning trades for today. Thus, presently, taking into account the ascending direction of the indicator chart, we assume a retracement to the nearest resistance levels 1,6260/80, where it is recommended to evaluate activity development on the charts with smaller time frame. For sales, on condition of formation of topping signals the targets will be 1,6200/20 and/or further breakout variant up to 1,6140/60, 1,6060/1,6100. Alternative for buyers will be above 1,6340 targeting 1,6380/1,6400, 1,6440/60.

JPY

The assumed retracement to the key supports was not confirmed in detail and the expected growth of the rate showed a sign of relatively high potential of bulls as a ground for preservation of preferences in favour of long positions for today. Thus, presently, we assume a possibility of retracement to the nearest supports 80,20/30, 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 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 targeting 79,10/20, 78,70/80, 78,40/50.

EUR

He planned breakout variant for sales was realized with overlapping of the assumed targets. OsMA trend indicator, having marked preservation of high level of bearish activity at the break of the key supports, gives grounds to preserve priorities of planning sales for today. Thus, taking into account the existing direction of the indicator chart, we assume a possibility of retracement to the nearest resistance levels 1,4360/80, where it is recommended to evaluate activity development on the charts with smaller time frame. For sales, on condition of formation of topping signals the targets will be 1,4300/20 and/or further breakout variant up to 1,4240/60, 1,4180/1,4200, 1,4120/40. Alternative for buyers will be above 1,4460 targeting 1,4500/20, 1,4560/80.