The dynamics of price movements EUR / USD pair is limited to the range 1.4690 - 1.4750

Written by admin on October 7th, 2009

USD /JPY

Prices are consolidated in the level of support 88.70. If it is resolved to continue falling, the primary purpose of which is likely to become a mark 88.40. But the trend indicator OsMA at 4-hour chart (Figure 1) takes the upward direction, thereby signaling the commencement of the growth phase. Both oscillators are turned in a bearish direction. On the hourly chart (Fig. 2) OsMA and SS confident enough fastened down. This confirms the supposition about the possibility of a breakthrough of the level of support and the continuation of a downward movement. At the same time, RSI is going to be in the opposite direction. Therefore you should not completely exclude the possibility of reverting to a mark of 89.00.

So, in my opinion, the situation is described as uncertain and recommend to refrain from taking commercial decisions to its clarification. Short positions in sales with a close stop-loss to open only after confirming the breakthrough level of 88.70.

Support: 88.70, 88.40, 88.00, 87.30, 87.00, 86.00, 85.00, 84.40/30, 84.00.

Resistance: 89.00, 89.40, 89.70, 90.00, 90.40, 90.70, 91.00, 91.55, 92.00, 92.40, 92.70/85, 93.00/20, 93.60/50, 94.10/00, 94.60/50, 94.90/95.00, 95.30/40, 95.90/96.00, 96.30, 96.60, 97.00.

USD /CHF

prices have returned to a level of 1.0300, but as resistance. If it is over, continue growth, the primary purpose of which is likely to be a mark 1.0350/60. In favor of such an outcome can tell the direction indicators on the 4-hour chart (Fig. 3). And OsMA, and both oscillators are fixed up. On the hourly chart (Figure 4) trend indicator OsMA takes upward direction, thus confirming the assumption about the possibility of a breakthrough price of the level of resistance and further growth. Oscillators turned different direction.

Having said that, in my opinion, the possibility of opening positions on the purchase with a close stop-lossshould be considered only after confirmation of breaking the resistance level of 1.0300.

Support: 1.0280, 1.0250, 1.0200, 1.0175, 1.0130, 1.0100, 1.0070, 1.0070, 1.0000, 0.9900, 0.9800, 0.9740, 0.9700, 0.9610/00, 0.9500.

Resistance: 1.0300/20, 1.0350/60, 1.0400, 1.0445, 1.0490/1.0500, 1.0550, 1.0600, 1.0650, 1.0700,1.0730, 1.0750/60, 1.0800, 1.0840/50, 1.0900, 1.0935/40, 1.0970.

EUR /USD

The dynamics of price movements is limited to the range 1.4690 - 1.4750. At the moment, they move to the top of its border. If she would be overcome to continue growth, the primary purpose of which is likely to be a mark 1.4800. But the trend indicator OsMA at 4-hour chart (Fig. 5) quite confidently pointing down, thereby signaling the possible start of a downward phase of the movement within the range, followed by testing the lower boundary. Oscillators, by contrast, have set up a U-turn. In favor of growth and test the level of 1.4750 can say the situation on the hourly chart (Fig. 6). OsMA, SS and RSI confidently fixed up.

In light of this, in my opinion, is to wait for prices outside the specified range, and only then consider the possibility of opening positions with a close stop-loss in the direction of the breakout.

Support: 1.4700, 1.4670, 1.4630/25, 1.4600, 1.4585, 1.4550, 1.4515/00, 1.4465, 1.4430, 1.4400, 1.4360, 1.4330/20, 1.4280, 1.4250, 1.4200, 1.4150/40.

Resistance: 1.4725/30, 1.4760, 1.4800, 1.4840, 1.4870, 1.4900, 1.4950/60, 1.5000, 1.5050, 1.5100, 1.5140, 1.5200, 1.5230, 1.5300.

GBP /USD

The main motion of a pair occurs in a fairly wide range, limited levels of 1.5840 - 1.6035. The direction of the trend indicator OsMA at 4-hour chart (Fig. 7) allows you to talk about the possibilities of falling prices to lower its border with its subsequent testing. At the same time, SS (in the overbought zone) and RSI have set up a U-turn. Therefore you should not completely exclude the possibility of early growth phase within a specified horizontal canal. On the hourly chart (Fig. 8) OsMA also directed downward, thereby confirming the assumption that the probability of falling prices to a mark 1.5840. RSI and SS different direction.

In my opinion, the situation on the graph consists undefined (which contributes to uncertainty and expectations regarding actions MPC's monetary policy). It is worth waiting for it to clarify before making any trading decisions.

Support: 1.5840, 1.5800, 1.5770, 1.5700, 1.5660, 1.5620/00, 1.5500, 1.5430, 1.5400, 1.5300, 1.5260, 1.5200, 1.5150, 1.5100, 1.5070, 1.5000.

Resistance: 1.5900, 1.5960/75, 1.6000, 1.6060, 1.6100, 1.6130/40, 1.6170, 1.6200, 1.6230, 1.6270/75, 1.6300, 1.6340, 1.6370, 1.6400, 1.6470, 1.6500, 1.6540/60, 1.6600, 1.6640, 1.6700.

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