Analysis for December 14th, 2016
The EUR/USD pair rebounded from the daily Super Trend. Earlier, the 1/8 level provided resistance and the price started plummeting. As a result, in the nearest future the market may continue falling towards the -2/8 level.
EUR USD, “Euro vs US Dollar”
At the H1 chart, the pair is consolidating between Super Trends. If later the price fixes below the 2/8 level, the market may resume falling towards the 0/8 one.
The AUD/USD pair rebounded from the 3/8 level, which earlier provided resistance. Consequently, in the future the price may resume falling to reach the 0/8 level. To confirm this scenario, the market has to fix below Super Trends.
AUD USD, “Australian Dollar vs US Dollar”
At the H1 chart, yesterday the pair rebounded from the 1/8 level. As a result, if the price stays below the 6/8 level, it may fall towards the 4/8 one in the nearest future. If later the latter level is broken, bears will push the price much deeper.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.