Analysis for May 23rd, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar is still moving inside the “oversold zone”. If the price rebounds from the 0/8
level and the H4 Super Trend during the day, it may resume its descending movement. In this case, the closest target will be at the -2/8
At the H1 chart, the price is also moving below the 0/8
level. On Monday, Eurodollar may resume falling and break the -1/8
level. If later the pair breaks the -2/8
level, the lines at the chart will be redrawn.
USD CHF, “US Dollar vs Swiss Franc”
In case of Franc, the uptrend continues; bulls are supported by the H4 chart. On Monday, the price may resume growing towards the 8/8
At the H1 chart, the price is moving at the bottom. The market is trying to rebound from the 2/8
level. If later the pair breaks the 3/8
level, the next target for bulls will be at the 4/8
RoboForex Analytical Department
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