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By: Forex Ltd - 19-11-2008
0votesThe pre-planned buying positions from key supports were realized with overlap of minimal assumed target. OsMA trend indicator, having marked low activity level of both parties with preservation of ascending rate direction as the sign of pair overbought nevertheless without resistance reaction of bearish party gives reasons for the preservation of the current tendency but with risk of abrupt situation change in favor of sells. Hence and considering the chosen strategy aiming at trading risks decrease we assume the possibility of pair return to close 1.2000/20 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.2060/80, 1.2100/20 and/or further breakout variant up to 1.2160/80, 1.2240/60, 1.2300/20. An alternative for sells will be below 1.1960 with targets 1.1900/20, 1.1830/50, 1.1760/80, 1.1700/20.
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