Charts

EURUSD intraday forecast (technical side) 2015-07-21

Chart EURUSD H1
The indicator OsMA, noting the declining trend of bearish activity, suggests preference of planning trades sideways correction as well and today.
At the present time, given the ascending direction of indicator Stochastics, we expect a test of the levels 1,0853 / 1,0794 (down-trend), where it is recommended to evaluate activity development on the charts with smaller time frame.
For short-term purchases, provided the break down-trend targets will be the key resistance (1st from 1.0870 to 1.0847 by day's end, the 2nd from 1.0905 to 1.0865), and (or) further to 1 , 0900/890.
Possible alternative for short-term sales with the targets to levels 1.0798 / 728 (knocked down), or up to 1.0722 / 25 (up-trend).