Hallo!
Here we are glad to represent you the analysis of the situation in one of the most popular currency pairs.
The pre-planned break-out variant for buyers was implemented but with loss of several points in the achievement of minimal estimated target. OsMA trend indicator, having marked further activity fall of both parties and considering the chosen strategy gives grounds to support bullish planning priorities but with the rise of risk of sharp changes in the technical outlook favouring to bearish party. On the assumption of it as well as in order to reduce trading risks we can assume probability of rate return to close 1,4690/1,4700 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 1,4730/40 and (or) further break-out variant up to 1,4780/1,4800, 1,4840/60, 1,4900/20. The alternative variant for sales will be below 1,4660 with the targets of 1,4600/20, 1,4540/60, 1,4440/60.
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