EUR (Euro) Forex Technical Analysis

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The pre-planned breakout variant for buyers was realized with attainment of basic assumed targets. OsMA trend indicator, having marked strengthening tendency of pair overbought gives risk of further buying positions supports but considering the lack of sustained bearish resistance and considering the chosen strategy there are reasons for supporting bullish planning priority direction for today as well. Hence aiming at decreasing trading risks we assume the possibility of rate return to close 1.3000/20 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 1.3060/80, 1.3120/40 and/or further breakout variant up to 1.3180/1.3200, 1.3260/80, 1.3320/40. An alternative for sells will be below 1.2920 with targets 1.2840/60, 1.2780/1.2800, and 1.2420/40.