Analysis for September 25th, 2015
EUR USD, “Euro vs US Dollar”
As we can see at the H4 chart, Eurodollar’s attempt to break the 4/8
level has failed and right now the price is moving below it again. Super Trend are still influenced by “bearish cross”. After the market is able to break the 3/8
level and stay below it, the pair will continue moving downwards.
At the H1 chart, the price is also moving in the middle. It looks like in the nearest future Super Trends are going to form “bearish cross”. In this case, the target will be at the 0/8
GBP USD, “Great Britain Pound vs US Dollar”
Pound has been able to stay below the 5/8
level. Earlier, Super Trends formed “bearish cross”. Possibly, the price may break the 4/8
level quite soon. The closest target is at the 3/8
level: if the pair stays below it, the market will continue falling much deeper.
At the H1 chart, the pair is moving below the H1 Super Trend. If later the market breaks the 0/8
level, the next target will be at the -2/8
one. If this level is broken as well, the lines at the chart will be redrawn.
RoboForex Analytical Department
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