Euro Bullish Potential Rise

Igor Kulaga from Forex Ltd at 11/09/09

EUR

The pre-planned long positions from key supports were implemented with the achievement of main estimated targets. OsMA trend indicator having marked preservation of the tendency of strengthening of bullish party activity and gives grounds to keep the priority of buying positions planning for today. On the assumption of it, as well as of current signs of some rate overbought we can suppose probability of rate return to close 1,4880/1,4900 supports where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term buying positions on condition of the formation of topping signals the targets will be 1,4940/60 and (or) further break-out variant up to 1,5000/20, 1,5060/1,5100. The alternative for sales will be below 1,4840 with the targets of 1,4760/80, 1,4700/20.

CHF

The pre-planned short positions from key resistance range levels were implemented with the achievement of main estimated targets. OsMA trend indicator, having marked the tendency of bearish activity strengthening and gives grounds to suppose preservation of sales priorities for planning of trading operations for today. On the assumption of it, we can assume probability of rate return to close 1,0140/60 resistance levels where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for sales on condition of the formation of topping signals the targets will be 1,0080/1,0100 and (or) further break-out variant up to 1,0020/40, 0,9960/80. The alternative for buyers will be above 1,0240 with the targets of 1,0280/1,0300, 1,0340/60, 1,0400/40.

GBP

The pre-planned long positions from key supports were implemented with the achievement of main estimated targets. OsMA trend indicator, having marked the tendency of bullish activity strengthening and gives grounds to suppose buyers positions planning priorities. On the assumption of it we can assume probability of rate return to close 1,6640/60 supports where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for short-term buying positions on condition of formation of topping signals the targets will be  1,6700/20, 1,6760/1,6800  and (or) further break-out variant up to 1,6860/80, 1,6940/60, 1,7000/20. The alternative for sales will be below 1,6560 with the targets of 1,6500/20, 1,6440/60.

JPY

Short positions, opened and preserved before had positive result of the achievement of main estimated targets. OsMA trend indicator, having marked further bearish activity strengthening gives grounds to maintain sales priorities for planning of trading operations for today. On the assumption of it, we can assume probability of another test of Senku Span B line of Ichimoku indicator at 90,20/40 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of shorter time interval. As for sales, on condition of the formation of topping signals the targets will be 89,60/80, 89,00/20 and (or) further break-out variant up to 88,40/60, 87,80/88,00. The alternative for buyers will be above 90,80 with the targets of 91,20/40, 91,80/92,00.