Analysis for December 13th, 2016
The EUR/USD pair couldn’t stay below the -1/8 level and right now is trading between Super Trends, which formed “bearish cross”. On Tuesday, the ascending correction may continue. However, if later the price fixes below the -1/8 level, the market will start a new decline.
EUR USD, “Euro vs US Dollar”
At the H1 chart, the closest target for bulls is at the 3/8 level. If the pair rebounds from this level, bears will try to start a new descending movement. To confirm this scenario, the price has to six below Super Trends.
The NZD/USD pair is trading above the H4 Super Trend close to the 6/8 level. It’s highly likely that in the nearest future the market may test the 7/8 level. If the price rebounds from this level, the pair may start a new decline.
NZD USD, “New Zealand Dollar vs US Dollar”
At the H1 chart, the pair is moving in the middle. Super Trends formed “bullish cross”. In the nearest future, the price may test the 6/8 level. If this level provides resistance, the market may reverse and start falling.
RoboForex Analytical Department
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