Parity between Bullish and Bearish Party in Euro

Igor Kulaga from Forex Ltd at 02/11/10

EUR
The earlier opened and held short positions have had positive result of overlap of minimal anticipated target. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering the chosen strategy, based on supposition of probable rate range movement within the frames of Ichimoku cloud, it is logical to assume sales starting from 1,3780/1,3800 levels with the targets of 1,3720/40, 1,3660/80, 1,3560/80 and (or) further break-out variant up to 1,3500/20, 1,3440/60, 1,3380/1,3400. The alternative for buyers will be above 1,3860 with the targets of 1,3900/20, 1,3960/80, 1,4020/40.

CHF
The earlier opened and held long positions have had positive result in attainment of minimal anticipated target. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering supposition of further rate range movement, at this point, it is logical to assume buying positions from 1,0620/40 supports with the targets of 1,0680/1,0700, 1,0740/60, 1,0800/20 and (or) further break-out variant up to 1,0860/80, 1,0920/40, 1,0980/1,1000. The alternative for sales will be below 1,0600 with the targets of 1,0540/60, 1,0480/1,0500.

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 close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering sign of bullish cycle incompleteness, the earlier designed trading plans remain practically unchanged. Namely, we can assume another test of 1,5740/60 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 1,5680/1,5700, 1,5620/40, 1,5520/60 and (or) further break-out variant up to 1,5440/60, 1,5360/80, 1,5260/1,5300. The alternative for buyers will be above 1,5820 with the targets of 1,5860/80, 1,5960/1,6000.

JPY
The earlier opened and held short positions did not have any positive result of attainment of the 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 suppositions of further rate correction period with preference of choosing bearish party in planning trading operations for today, we can assume probability of attainment of 90,00/20 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 89,40/60, 88,80/89,00 and (or) further break-out variant up to 88,40 with the targets of 87,80/88,00, 87,20/40. The alternative for buyers will be above 90,20 with the targets of 90,60/80, 91,20/40.