Euro Overbought with Risk of Rate Correction
EUR/USD
http://www.forexltd.co.uk/ta/eng/_m_.../_p_/image_EUR
The pre-planned buying positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked fall in activity of both parties, considering the chosen strategy, does not clarify the choice of planning priorities for today. Therefore, considering prospects f rate range movement, we can assume probability of rate return to close 1,2590/1,2610 support 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 buying positions, on condition of the formation of topping signals the targets will be 1,2650/70, 1,2700/10 and (or) further break-out variant up to 1,2750/60, 1,2800/20, 1,2880/1,2920. The alternative for sales will be below 1,2540 with the targets of 1,2480/1,2500, 1,2420/40, 1,2340/60.
EUR/USD
http://www.forexltd.co.uk/ta/eng/_m_.../_p_/image_EUR
The pre-planned buying positions from key supports have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked fall in activity of both parties, considering the chosen strategy, does not clarify the choice of planning priorities for today. Therefore, considering prospects f rate range movement, we can assume probability of rate return to close 1,2590/1,2610 support 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 buying positions, on condition of the formation of topping signals the targets will be 1,2650/70, 1,2700/10 and (or) further break-out variant up to 1,2750/60, 1,2800/20, 1,2880/1,2920. The alternative for sales will be below 1,2540 with the targets of 1,2480/1,2500, 1,2420/40, 1,2340/60.
