Analysis for December 20th, 2016
After rebounding from the H4 Super Trend one more time, the EUR/USD pair is testing the 1/8 level again. If the price breaks this level, the market may continue moving downwards to reach the 0/8 one.
EUR USD, “Euro vs US Dollar”
At the H1 chart, the pair is moving below Super Trends. It’s highly likely that on Tuesday bears may try to fix below the 5/8 level. If they succeed, the market may continue falling towards the 4/8 one.
The AUD/USD pair is still moving downwards inside the “oversold zone”. Taking into account that the price fixed below the -1/8 level, in the nearest future the market may continue falling towards the -2/8 one. In case this level is broken, the lines at the chart will be redrawn.
AUD USD, “Australian Dollar vs US Dollar”
The lines at the H4 and H1 chart are completely the same. Yesterday, the pair reached a new low. The H1 Super Trend provides resistance. If the price rebounds from it, the market will reach the -2/8 level.
RoboForex Analytical Department
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