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Old 03-04-10, 04:57 AM
alessio alessio is offline
Junior Investor
 
Join Date: Aug 2009
Posts: 79
Default Sideway Trading in Euro Continues

EUR/USD

Opened and held sort positions have had a positive result in attainment of minimal anticipated targets. OsMA trend indicator, having marked break of key resistance range levels by low level of bullish activity, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of rate range movement and taking into account descending direction of indicator chart, we can assume probability of rate return to close 1,3620/40 supports, 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 1,3700/40 and (or) further break-out variant up to 1,3780/1,3800, 1,3840/60. The alternative for sales will be below 1,3540 with the targets of 1,3480/1,3500, 1,3420/40.

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