EUR/USD Faces a Choice

CHF

The planned short positions from the key resistance levels were realized with overlapping of the minimum and basic target. OsMA trend indicator, having marked a drop of activity of both parties as a sign of further sideway trading, gives grounds to preserve previous plans with minor changes. That is, we assume another retracement to the nearest Ichimoku cloud boarder at 0,8440/50, 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 0,8390/1,8410 and/or further breakout variant up to 0,8350/60, 0,8310/20. Alternative for buyers will be above 0,8480 targeting 0,8510/20, 0,8550/60.

GBP

The planned long positions from the key supports were realized with achievement of the minimum and basic target. OsMA trend indicator, having marked a drop of activity of both parties, gives grounds to assume further sideway trading without any certainty in relation to choice of priorities for today. Thus, presently, we assume another retracement to top boarder of Ichimoku cloud at 1,6240/60, 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 1,6180/1,6200, 1,6120/40 and/or further breakout variant up to 1,6060/80, 1,6000/20. Alternative for buyers will be above 1,6320 targeting 1,6360/80, 1,6420/40.

JPY

The assumed retracement to the key resistance levels was confirmed with conditions for realization of the planned short positions. OsMA trend indicator, having marked low level of parties’ activity, doesn’t contradict with preservation of open sales targeting 79,90/80,00, 79,50/60 and/or further breakout variant up to 79,10/20, 78,70/80, 78,30/40. Alternative for buyers will be above 80,60 targeting 80,90/81,00, 81,30/40, 81,70/80.

EUR

The planned breakout variant for buyers was realized with loss of some pips in achievement of the assumed target. OsMA trend indicator, having marked a drop of activity of both parties, doesn’t introduce any certainty in relation to choice of priorities for today according to the chosen strategy. Thus, presently, we assume a possibility of retracement to Ichimoku cloud boarders at 1,4300/20, 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 1,4360/80, 1,4420/40 and/or further breakout variant up to 1,4480/1,4500, 1,4540/60. Alternative for sales will be below 1,4260 targeting 1,4200/20, 1,4140/60.