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Euro's Difficult Rise
| by Igor Kulaga Forex Ltd
EUR The
pre-planned break-out variant for buyers has been implemented and the
preservation of opened buying positions is “supported” by bullish
activity progress at the break-out of key range resistance levels. OsMA
trend indicator, having marked in general picture, against short-term
outlooks the preservation of several priority of bearish party activity
and gives additional risks of probable rate fall to 1,4020/40 supports
where it is recommended to evaluate the development of the activity of
both parties in accordance with the charts of a shorter time interval.
As for short-term buying positions on condition of the formation of
topping signals the targets will be 1,4080/1,4100, 1,4160/80 and (or)
further break-out variant up to 1,4220/40, 1,4280/1,4300, 1,4340/60.
The alternative for buyers will be above 1,3960 with the targets of
1,3900/20, 1,3840/60, 1,3800/20.
CHF
The
pre-planned break-out variant for sales has been implemented but with
loss of several points in the achievement of minimal anticipated
target. OsMA trend indicator marks bearish activity progress at the
break-out of key supports against the background of activity parity of
both parties and gives grounds to suppose rate fall period
incompleteness but without clarifying the choice of planning priorities
for today. On the assumption of it as well as of descending direction
of indicator chart we can assume probability of rate attainment f
1,0760/80 resistance range levels where it is recommended to evaluate
development of the activity of both parties in accordance with the
charts of a shorter time interval. As for short-term sales on condition
of the formation of topping signals the targets will be 1,0700/20,
1,0640/60, 1,0580/1,0600 and (or) further break-out variant up to
1,0520/40, 1,0460/80, 1,0360/1,0400. The alternative for buyers will
be above 1, 0840 with the targets of 1,0880/1,0900, 1,0940/60,
1,0980/1,1000.
GBP
The
pre-planned short-term sales from key resistance range levels have been
implemented but with overlap of minimal anticipated target. OsMA trend
indicator, having marked further rise by bullish activity progress but
within activity parity of both parties as it was before and does not
clarify the choice of planning priorities for today. On the assumption
of it as well as of descending direction of indicator chart we can
assume probability of rate return to channel line “1” at Kijun line
level of Ichimoku indicator at 1,6440/60 levels where it is recommended
to evaluate development of the activity of both parties in accordance
with the charts of a shorter time interval. As for short-term buying
positions on condition of formation of topping signals the targets will
be 1,6500/20, 1,6580/1,6600, 1,6660/1,6700 and (or) further break-out
variant up to 1,6760/80, 1,6880/1,6920, 1,7000/40.The alternative for
buyers will be above 1,6380 with the targets of 1,6320/40, 1,6240/60,
1,6180/1,6200.
JPY
The
pre-planned break-out variant for buyers has been implemented but with
loss in the achievement of estimated targets. OsMA trend indicator
having marked preservation of minimal of activity of both parties as a
sign of rate rage movement, does not clarify the choice of planning
priorities for today. On the assumption of it as well as of several
signs of minimal bearish party priority we can assume probability of
rate return to 97,20/30 supports where it is recommended to evaluate
development of the activity of both parties in accordance with the
charts of a shorter time interval. As for short-term buying positions
on condition of formation of topping signals the targets will be
97,70/80, 98,20/40, 98,80/99,00 and (or) further break-out variant up
to 99,40/60, 100,00/20, 100,60/80. The alternative for sales will be
below 96,60 with the targets of 96,00/20, 95,20/40.
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| Category: Currency trading | Added by: forex-market (2009-06-12)
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| Views: 472
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