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Technical Analysis EUR

By:   Forex Ltd
  • 2009-06-01
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The pre-planned breakout variant was realized with overlap of assumed targets. OsMA trend indicator, having marked advantage in bearish activity development at the break of key supports gives reasons for sells planning priority in trading operations for today. At the moment and considering relative strengthening of bullish resistance we assume the possibility of pair correction incompleteness and as a result rate return to 1.3600/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 1.3520/40, 1.3480/1.3500 and/or further breakout variant up to 1.3420/40, 1.3300/20, 1.3120/40. An alternative for buyers will be above 1.3770 with targets 1.3820/40, 1.3890/1.3910, and 1.3960/80.


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