EUR daily outlook 29-06-2009
The estimated test of key supports for the implementation of pre-planned long positions has not been confirmed and activity parity of both parties marked by OsMA trend indicator as the result of previous trading day keeps preserving uncertainty concerning the choice of planning priorities for today. Hence and considering incompleteness of bearish development cycle we can assume probability of rate return to close 1,4050/70 resistance 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 1,3990/1,4010, 1,3960/70 and (or) further break-out variant up to 1,3900/20, 1,3820/40, 1,3760/80. The alternative for sales will be above 1,4140 with the targets of 1,4180/1,4200, 1,4240/60, 1,4300/20.


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