The estimated test of key resistance range levels has been confirmed, but relative rise of bullish activity, marked by OsMA trend indicator, did not favor implementation of the pre-planned short positions. As a result, with relative strengthening of bullish activity, there are grounds for bullish direction in planning trading operations for today. Hence and considering descending direction of indicator chart, we can assume probability of rate return to close 1,5000/20 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 1,5060/80, 1,5100/20 and (or) further break-out variant up to 1,5160/80, 1,5240/60. The alternative for sales will be below 1,4940 with the targets of 1,4860/80, 1,4800/20.
FOREX Ltd
www.forexltd.co.uk
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