Analysis for October 25th, 2016
The EUR/USD pair is being corrected under the H4 Super Trend. Earlier, the price fixed below the 3/8 level. Consequently, in the nearest future the market may continue falling towards the 1/8 level.
EUR USD, “Euro vs US Dollar”
At the H1 chart, the pair is trying to enter the “oversold zone”. It’s highly likely that in the nearest future the market may break the 0/8 level and then continue falling towards the -2/8 one.
In case of the NZD/JPY pair, the current situation is rather interesting. After rebounding from the 8/8 level twice, the market is trying to start a new bearish correction. As a result, during the next several days, the price may continue falling to reach the 6/8 level.
NZD JPY, “New Zealand Dollar vs Japanese Yen”
At the H1 chart, the first part of the correction was stopped by the 6/8 level. If the market breaks Super Trends downwards, it may start moving towards the 4/8 level.
RoboForex Analytical Department
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