Daily Analysis – EUR

Published 10/08/2008, 08:00 PM

The pre-planned breakout variant for buyers was realized with overlap of minimal assumed target. OsMA trend indicator, having marked the activity fall of both parties as before does not provide definiteness in the choice of planning priorities for today but gives reasons for the preservation of earlier drawn up trading plans practically unchanged. Hence, as before we assume the possibility of pair return to 1.3480/1.3500 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term buying positions on condition of formation of topping signals the targets will be 1.3540/60, 1.3600/20, 1.3660/80 and/or further breakout variant up to 1.3720/40, 1.3780/1.3800. An alternative for sells will be below 1.3400 with targets 1.3340/60, 1.3260/80, 1.320/20.

 

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