Friday, July 2, 2010

Bullish Break in Euro


Forex Special 

EUR
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.
www.ForexLtd.co.uk

CHF
The pre-planned short positions from key resistance range levels have been implemented with overlap of the anticipated targets. OsMA trend indicator, having marked preserved priority of bearish activity within the frames of descending trading channel, suggests preference of sales in planning trading operations for today. At this point, considering ascending direction of indicator chart, we can assume probability of rate return to 1,0640/60 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 sales, on condition of the formation of topping signals the targets will be 1,0580/1,0600 and (or) further break-out variant up to 1,0520/40, 1,0460/80, 1,0400/20. The alternative for buyers will be above 1,0720 with the targets of 1,0760/80, 1,0820/40, 1,0880/1,0900.
www.ForexLtd.co.uk

GBP
The pre-planned break-out variant for buyers has been implemented with overlap of the anticipated target. OsMA trend indicator, having marked essential rise of bearish activity at break of key resistance range levels, suggests preservation of bullish planning priorities for today. Hence and considering descending direction of indicator chart, we can assume probability of rate return to 1,5100/20 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 1,5160/80, 1,5200/20 and (or) further break-out variant up to 1,5260/80, 1,5340/60, 1,5460/1,5500. The alternative for sales will be below 1,4980 with the targets of 1,4920/40, 1,4860/80.
www.ForexLtd.co.uk

JPY
The pre-planned break-out variant for sales has been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked rise in both party activity, considering the chosen strategy, does not clarify the choice of planning priorities for today. Nevertheless, considering whole bearish trend as our preferred case, we can assume probability of rate return to 88,20/40 resistance 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 sales, on condition of the formation of topping signals the targets will be 87,60/80 and (or) further break-out variant up to 87,00/20, 86,40/60, 85,80/86,00. The alternative for buyers will be above 88,80 with the targets of 89,20/40, 89,80/90,00.
www.ForexLtd.co.uk

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