Analysis for April 13th, 2015
The market continues reaching new lows. Earlier, Eurodollar rebounded from the 6/8 level several times. Last week, Super Trends formed “bearish cross”, this is why I’m still holding my sell orders.
EUR USD, “Euro vs US Dollar”
As we can see at the H1 chart, after testing the -2/8 level the price may start a local correction. Super Trends provide support. If the price breaks the -2/8 level, the lines at the chart will be redrawn.
AUD USD, “Australian Dollar vs US Dollar”Finally, Australian Dollar was supported by the daily Super Trend and the 2/8 level. The closest target is still at the -2/8 level. After reaching it, the pair may start a new correction.
At the H1 chart, the pair is moving at the bottom. If later the market is able to stay below the 0/8 level, I’m planning to open another sell order. The closest target is at the -2/8 level; after the pair breaks it, the lines at the chart will be redrawn again.
RoboForex Analytical Department
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