Updated Technical Analysis on Majors

[alessio]

EUR/USD

The pre-planned break-out variant for buyers has been implemented with overlap of the anticipated targets. OsMA trend indicator, having marked essential rise of bullish activity at break of key resistance levels, suggests preference of bullish direction in planning trading operations for today. Hence and considering descending direction of indicator chart, we can assume probability of rate return to close 1,2460/80 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 buying positions, on condition of the formation of topping signals the targets will be 1,2520/50 and (or) further break-out variant up to 1,2590/1,2600, 1,2640/60, 1,2700/40. The alternative for sales will be below 1,2300 with the targets of 1,2240/60, 1,2180/1,2200.

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[alessio]

EUR/USD

The pre-planned buying positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked this month`s top by sign of rate overbought with further relative rise of sales activity, suggests further rate correction period, but with preference of buying positions in planning trading operations for today. Hence, we can assume probability of rate return to close 1,2480/1,2500 support levels, 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 1,2540/60, 1,2600/20 and (or) further break-out variant up to 1,2660/80, 1,2740/60, 1,2820/40. The alternative for sales will be below 1,2380 with the targets of 1,2320/40, 1,2260/80.

Forex analysis on majors

[alessio]

EUR/USD

The estimated test of key resistance range levels has been confirmed with conditions for implementation of the pre-planned buying positions. At this point, when hitting minimal anticipated target we observe the correspondent direction of indicator chart, as a sign of further rate rise and ground for holding long positions with the targets of 1,2600/20 and (or) further break-out variant up to 1,2660/80, 1,2740/60, 1,2820/40. The alternative for sales will be below 1,2380 with the targets of 1,2320/40, 1,2260/80.

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[alessio]

EUR/USD

The earlier opened and held long positions had a positive result in attainment of basic anticipated targets. OsMA trend indicator, having marked no evident priority of either party, considering the chosen strategy, does not clarify the choice of planning priorities for today. Nevertheless, considering trend rate direction as favoring further planning sales, we can assume probability of rate return to close 1,2560/80 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 1,2620/40, 1,2680/1,2700 and (or) further break-out variant up to 1,2740/60, 1,2800/20, 1,2880/1,2920. The alternative for sales will be below 1,2460 with the targets of 1,2400/20, 1,2340/60, 1,2280/1,2300.

Forex analysis on majors

[alessio]

EUR/USD

The pre-planned buying positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked fall in activity of both parties, considering the chosen strategy, does not clarify the choice of planning priorities for today. Therefore, considering prospects f rate range movement, we can assume probability of rate return to close 1,2590/1,2610 support levels, 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 1,2650/70, 1,2700/10 and (or) further break-out variant up to 1,2750/60, 1,2800/20, 1,2880/1,2920. The alternative for sales will be below 1,2540 with the targets of 1,2480/1,2500, 1,2420/40, 1,2340/60.

Forex analysis on majors

[alessio]

EUR/USD

The estimated test of key supports has not been confirmed, however, anticipated rate rise revealed signs of rate overbought, not favoring further rate rise without correction. Therefore, considering preserved preference of bullish direction in planning trading operations for today, as earlirt, we can assume probability of rate return to close border of Ichimoku cloud at 1,2590/1,2610 levels, 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 1,2650/70, 1,2710/20 and (or) further break-out variant up to 1,2760/80, 1,2840/60, 1,2900/20. The alternative for sales will be below 1,2540 with the targets of 1,2480/1,2500, 1,2420/40, 1,2340/60.

Complete analysis on majors

[alessio]

EUR/USD

The estimated test of key supports has been implemented with conditions for implementation of the pre-planned buying positions. OsMA trend indicator, having marked formation of reversal bullish signal, favors holding of long positions with the targets of 1,2650/70, 1,2710/30 and (or) further break-out variant up to 1,2770/90, 1,2840/60, 1,2900/20. The alternative for sales will be below 1,2540 with the targets of 1,2480/1,2500, 1,2420/40, 1,2340/60.

Forex analysis on majors

[alessio]

EUR/USD

The earlier opened and held buying positions did not have any positive result in attainment of the anticipated target. Nevertheless, low activity of both parties, marked by OsMA trend indicator, suggests holding of open long positions with the targets of 1,2650/70, 1,2710/30 and (or) further break-out variant up to 1,2770/90, 1,2840/60, 1,2900/20. The alternative for sales will be below 1,2540 with the targets of 1,2480/1,2500, 1,2420/40, 1,2340/60.

Forex technical analysis

[alessio]

EUR/USD

The pre-planned break-out variant for buyers has been implemented, attainment of the anticipated target is favored by essential rise in bullish activity, marked by OsMA trend indicator at break of key resistance range levels. At this point, considering descending direction of indicator chart, taking into account general bullish priorities in planning, we can assume probability of rate return to close border of Ichimoku cloud at 1,2660/80 levels, 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 term buying positions, on condition of the formation of topping signals the targets will be 1,2740/60 and (or) further break-out variant up to 1,2800/20, 1,2860/80, 1,2940/60. The alternative for sales will be below 1,2590 with the targets of 1,2520/40, 1,2460/80.

Complete analysis on majors

[alessio]

EUR/USD

The estimated rate return to key supports for implementation of the pre-planned buying positions has not accurately been confirmed, however, the anticipated rate rise revealed a sign of rate overbought not favoring further rate rise without correction. Therefore, considering preserved priority of bullish direction in planning trading operations for today, we can assume probability of rate return to close 1,2680/1,2700 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 1,2740/60, 1,2800/20 and (or) further break-out variant up to 1,2860/80, 1,2920/40, 1,2980/1,3000. The alternative for sales will be below 1,2630 with the targets of 1,2560/80, 1,2500/20, 1,2440/60.

Technical analysis on major currency pairs