Analysis for June 3rd, 2016
Eurodollar rebounded from the daily Super Trend, which means that it may resume moving downwards. If the price is able to stay under the 3/8 level, the market will continue falling towards the closest target at 2/8 one.
EUR USD, “Euro vs US Dollar”
At the H1 chart, Eurodollar rebounded from the 7/8 level, which is a strong bearish signal. Moreover, later Super Trends formed “bearish cross”, which means that the market may continue falling towards the 0/8 level.
USD CHF, “US Dollar vs Swiss Franc”Franc rebounded from the 1/8 level and the daily Super Trend, which means that it may continue moving upwards. If later the market breaks the 2/8 level, the lines at the chart will be redrawn.
At the H1 chart, the price rebounded from the -2/8 level and then managed to stay above the 0/8 one. If Super Trends form “bullish cross” during the day, the market will continue growing to reach the 4/8 level.
RoboForex Analytical Department
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