Analysis for October 27th, 2016
Yesterday, the EUR/USD pair rebounded from the 3/8 level, but is still moving above the H4 Super Trend. If the price breaks it downwards, the market will move downwards to reach the 0/8 level.
EUR USD, “Euro vs US Dollar”
At the H1 chart, the current correction faced resistance from the 6/8 level. Consequently, if the pair breaks Super Trends and stays below them, the market may fall towards the 2/8 level.
The AUD/USD pair rebounded from the 8/8 level and right now is moving under the H4 Super Trend. As a result, in the nearest future the market may fall towards the 4/8 level. If it breaks this level, the price may continue falling much deeper.
AUD USD, “Australian Dollar vs US Dollar”
At the H1 chart, Super Trends formed “bearish cross”. Considering that the price is already moving below the 3/8 level, in the future is may continue falling to reach the 0/8 one.
RoboForex Analytical Department
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