Euro Overbought Sets Delay of Rate Fall

Igor Kulaga from Forex Ltd at 01/29/10

EUR

The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked preservation of low activity of both parties, does not clarify the choice of planning priorities for today. Therefore, considering supposition of further rate range movement, we can assume probability of rate return to 1,3960/80 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 short-term sales on condition of the formation of topping signals the targets will be 1,3900/20 and (or) further break-out variant up to 1,3840/60, 1,3740/80, 1,3600/40. The alternative for buyers will be above 1,44060 with the targets of 1,4100/20, 1,4160/80, 1,4220/40.

CHF

The pre-planned long positions from key supports have been implemented with overlap of minimal anticipated targets. OsMA trend indicator, having marked fall in activity of both parties, does not clarify the choice of planning priorities for today. Therefore, considering supposition of further rate range movement, we can assume probability of rate return to close 1,0480/1,0500 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 1,0540/60 and (or) further break-out variant up to 1,0600/20, 1,0660/80. The alternative for sales will be below 1,0420 with the targets of 1,0360/80, 1,0300/20.

GBP

The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked priority of bearish party development, gives grounds for choosing sales in planning trading operations for today. Therefore, at this point, considering current ascending direction of indicator chart, we can assume probability of rate return to close border of Ichimoku cloud at 1,6160/80 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 1,6100/20, 1,6060/80 and (or) further break-out variant up to 1,6000/20, 1,5940/60, 1,5860/80. The alternative for buyers will be above 1,6300 with the targets of 1,6360/80, 1,6440/60.

JPY

The pre-planned short positions from key resistance range levels have been implemented with overlap of minimal anticipated targets. OsMA trend indicator, having marked close parity of both party activity, suggests further rate range movement with no clear choice of planning priorities for today. Therefore, at this point, considering ascending direction of indicator chart, as earlier, we can assume probability of rate return to Senkou Span B line in Ichimoku indicator at 90,40/60 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 short-term sales on condition of the formation of topping signals the targets will be 89,80/90,00, 89,00/40 and (or) further break-out variant up to 88,40/60, 87,80/88,00. The alternative for buyers will be above 91,00 with the targets of 91,40/60, 92,00/20.