Analysis for November 4th, 2015
Eurodollar is still being corrected. The price is trying to stay below the 0/8 level. Possibly, on Wednesday the pair may test the previous high one more time. If the market rebounds from it again and stays below the 0/8 level, I’m planning to increase my position.
EUR USD, “Euro vs US Dollar”
At the H1 chart, Eurodollar is moving in the middle. If the pair breaks the 3/8 level and stays below it, the market will resume moving downwards. If in the nearest future the price breaks Super Trends and stays above them, we can expect a local growth. Otherwise, Eurodollar may continue falling.
XAG USD, “Silver vs US Dollar”Silver has left “overbought zone” and Super Trends have formed “bearish cross”. The closest target is at the 6/8 level. If the price breaks it, the pair will continue falling much deeper.
At the H1 chart, the price is moving below the 3/8 level. Earlier, Super Trends formed “bearish cross”. It’s highly likely that in the nearest future the instrument may break the 2/8 level and continue moving downwards.
RoboForex Analytical Department
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