Analysis for October 27th, 2016
EUR USD, “Euro vs US Dollar”
Yesterday, the EUR/USD pair rebounded from the 3/8
level, but is still moving above the H4 Super Trend. If the price breaks it downwards, the market will move downwards to reach the 0/8
At the H1 chart, the current correction faced resistance from the 6/8
level. Consequently, if the pair breaks Super Trends and stays below them, the market may fall towards the 2/8
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair rebounded from the 8/8
level and right now is moving under the H4 Super Trend. As a result, in the nearest future the market may fall towards the 4/8
level. If it breaks this level, the price may continue falling much deeper.
At the H1 chart, Super Trends formed “bearish cross”. Considering that the price is already moving below the 3/8
level, in the future is may continue falling to reach the 0/8
RoboForex Analytical Department
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