Analysis for October 2nd, 2015
At the H4 chart, Eurodollar is still moving in the middle. If later the market is able to break the 4/8 and 3/8 levels and stay below them, the price may resume moving downwards.
EUR USD, “Euro vs US Dollar”
At the H1 chart, the pair is moving close to the 2/8 level. Earlier, Super Trends formed “bearish cross”. If the price breaks the 1/8 level, the market will continue falling towards the -2/8 one.
GBP USD, “Great Britain Pound vs US Dollar”Pound is trying to break the 4/8 level. The pair is supported by Super Trends, which earlier formed “bearish cross”. The closest target is at the 2/8 level.
At the H1 chart, the pair is about to enter “oversold zone”. After the price breaks the 0/8 level, the next target will be at the -2/8 one. If this level is broken as well, the lines at the chart will be redrawn.
RoboForex Analytical Department
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