Analysis for December 12th, 2016
The EUR/USD pair is falling inside the “oversold zone”. Earlier, Super Trends formed “bearish cross”. If later the price breaks the -2/8 level, the lines at the chart will be redrawn
EUR USD, “Euro vs US Dollar”
At the H1 chart, the pair s being corrected under Super Trends. On Monday, the price may start a short-term growth towards the 2/8 level. Later, the market may resume its descending movement and break the 0/8 level.
The GBP/JPY pair is trading above the H4 Super Trend and the 6/8 level. The closest target for bulls is at the 7/8 level. If later the price rebounds from this level, the market may start a new descending correction.
GBP JPY, “Great Britain Pound vs Japanese Yen”
At the H1 chart, the current ascending movement is supported by the H1 Super Trend. If the pair is able to stay above the 6/8 level during the day, the next target for bulls will be at the 8/8 one. As a result, on Monday the market may reach a new local high.
RoboForex Analytical Department
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