Expecting Fall in Euro to Continue
EUR/USD

The estimated test of key resistance range levels for implementation of the pre-planned short positions has not accurately been confirmed, and continuous fall in both party activity as the result of the previous trading day gives grounds only for petty correction to the earlier designed trading plans for today. Namely, we can assume probability of rate return to channel line 1 at 1,4320/40 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 sales on condition of the formation of topping signals the targets will be 1,4260/80, 1,4200/20 and (or) further break-out variant up to 1,4140/60, 1,4080/1,4100. The alternative for buyers will be above 1,4440 with the targets of 1,4480/1,4500, 1,4560/80.
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