Correction in Euro
Igor Kulaga from Forex Ltd at 01/22/10
EUR
The pre-planned break-out variant for sales has been implemented, but with loss in several points in attainment of minimal anticipated target. OsMA trend indicator, having marked sign of rate oversold strengthening with relative strengthening of buying activity, as earlier, suggests probable rate correction period, but with preservation of sales priority in planning trading operations for today. Hence, we can assume probability of rate return to 1,4170/90 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 1,4100/20, 1,4040/60, 1,3980/1,4000 and (or) further break-out variant up to 1,3920/40, 1,3860/80. The alternative for buyers will be above 1,4240 with the targets of 1,4280/1,4300, 1,4340/60.
CHF
The estimated test of key supports has been confirmed, but relative rise of sales activity, marked by OsMA trend indicator, did not favor implementation of the pre-planned buying positions. Therefore, at this point, considering supposition of further rate correction period, but with preservation of bullish direction in planning trading operations for today, we can assume probability of reaching 1,0360/80 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 1,0420/40, 1,0480/1,0520 and (or) further break-out variant up to 1,0560/80, 1,0620/40, 1,680/1,0700. The alternative for sales will be below 1,0340 with the targets of 1,0280/1,0300, 1,0220/40.
GBP
The pre-planned break-out variant for sales has been implemented with attainment of minimal anticipated target. OsMA trend indicator, having marked priority of bearish activity development at break of key supports, gives grounds for preservation of sales priority for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to Ichimoku cloud borders at 1,6280/1,6300, 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 1,6220/40, 1,6140/60, 1,6080/1,6100 and (or) further break-out variant up to 1,6020/40, 1,5960/80, 1,5900/20. The alternative for buyers will be above 1,6360 with the targets of 1,6400/20, 1,6460/80.
JPY
Earlier opened and held short positions have had the positive result in attainment of basic anticipated targets. OsMA trend indicator, having marked high degree of sales activity at break of key supports, suggests preservation of bearish direction priority in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to Ichimoku cloud border at 90,60/80 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 sales, on condition of the formation of topping signals the targets will be 90,00/20, 89,60/80 and (or) further break-out variant up to 89,00/20, 88,40/60, 87,80/88,00. The alternative for buyers will be above 91,20 with the targets of 91,60/80, 92,20/40.
