Analysis for November 30th, 2016
The EUR/USD pair is still consolidating and testing the daily Super Trend again. If the market breaks it, the price may continue growing towards the 0/8 level. In case later the pair rebounds from this level, the market will resume moving downwards.
EUR USD, “Euro vs US Dollar”
At the H1 chart, the pair is trying to break the 5/8 level. In case the price fixes above this level, it may continue growing to reach the 7/8 one. If later the 7/8 level is broken as well, the market will reach the 8/8 one.
The EUR/JPY pair reached a new high and right now is trying to stay above the 5/8 level. If bulls succeed, the price may continue moving upwards to reach 6/8 level.
EUR JPY, “Euro vs Japanese Yen”
As we can see at the H1 chart, Super Trends formed “bullish cross”. The price is steadily moving above the 6/8 level and may grow to reach the 8/8 one in the nearest future. If later it rebounds from this level, the market may start a new descending correction.
RoboForex Analytical Department
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