Bearish Advantage of EUR/USD

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January 3, 2014 12:14 AM EST

CHF

The planned breakout variant for sales was realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked the result of yesterday by close parity of parties’ activity, doesn’t introduce any certainty in relation to choice of priorities for today. Thus, taking into account the perspectives of range movement with uncertain priorities of planning, we assume a retracement to the nearest supports 0,8400/10, 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 0,8440/50 and/or further breakout variant up to 0,8480/90, 0,8520/30, 0,8560/70. Alternative for sales will be below 0,8370 targeting 0,8330/40.

GBP

The planned short positions from the key resistance levels were realized with achievement of the assumed targets. OsMA trend indicator, having marked advantage of bearish activity at the break of the key supports, despite oversold condition of the pair, gives grounds to plan sales for today. Thus, presently, taking into account the ascending direction of the indicator chart, we assume a possibility of retracement to the nearest resistance levels 1,6080/1,6100, 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 1,6000/40 and/or further breakout variant up to 1,5940/60, 1,5880/1,5900, 1,5820/40. Alternative for buyers will be above 1,6160 targeting 1,6200/20, 1,6260/80.

JPY

The planned breakout variant for buyers was realized without achievement of the assumed targets yesterday. OsMA trend indicator, having marked advantage of bulls, gives grounds to prefer bullish direction of planning trades for today. Thus, taking into account the descending direction of the indicator chart, 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 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, 81,50/60, 81,90/82,00. Alternative for sales will be below 79,90 targeting 79,50/60, 79,10/20, 78,70/80.

EUR

The assumed retracement to the key supports was confirmed, but relative growth of bearish activity, marked by OsMA trend indicator, didn’t dispose to realization of the planned long positions. Presently, taking into account the existing bearish advantage, we assume a possibility of retracement to the nearest resistance levels 1,4340/60, 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 1,4280/1,4300 and/or further breakout variant up to 1,4220/40, 1,4160/80, 1,4080/1,4120. Alternative for buyers will be above 1,4440 targeting 1,4480/1,4500, 1,4540/60, 1,4600/40.

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