EUR/USD Trades Sideways with Vague Perspectives

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January 4, 2014 8:14 AM EST

CHF

The planned long positions from the key supports were realized with loss of some pips in achievement of the minimum assumed target. OsMA trend indicator, having marked close parity of activity of both parties, gives grounds to assume sideway trading without any certainty in relation to choice of priorities for today. Thus, presently, we assume a possibility of retracement to the nearest supports 0,8350/60, 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 0,8390/0,8400, 0,8430/50 and/or further breakout variant up to 0,8480/90, 0,8520/40. Alternative for sales will be below 0,8300 with targets 0,8260/70, 0,8220/30.

GBP

The planned breakout variant for sales was realized with overlapping of the minimum assumed target. OsMA trend indicator, having marked low of last week by formation of a topping bullish signal with further growth of buying activity, gives grounds to assume further period of rate’s correction with preferable long positions for today. Thus, taking into account the descending direction of the indicator chart, we assume a possibility of retracement to the nearest supports 1,5960/80, 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 1,6020/40, 1,6080/1,6100 and/or further breakout variant up to 1,6140/60, 1,6200/20, 1,6260/80. Alternative for sales will be below 1,5920 with targets 1,5860/80, 1,5800/20, 1,5740/60.

JPY

The planned breakout variant for buyers was realized without achievement of the assumed targets yesterday. OsMA trend indicator, having marked preservation of bulls in general, doesn’t contradict with preservation of open long positions. Nevertheless, taking into account overbought condition of the rate, a possibility of another retracement to supports 80,30/40 remains, 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 80,70/80, 81,00/10 and/or further breakout variant up to 81,40/50, 81,80/90, 82,10/20. Alternative for sales will be below 79,90 with targets 79,50/60, 79,10/20, 78,70/80.

EUR

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 advantage of bullish activity, gives grounds to prefer planning long positions for today. Thus, presently, taking into account the descending direction of the indicator chart, we assume a possibility of retracement to the nearest supports 1,4220/40, 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 1,4280/1,4300 and/or further breakout variant up to 1,4340/60, 1,4400/40. Alternative for sales will be below 1,4180 with targets 1,4120/40, 1,4060/80.

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