Analysis for November 30th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is still consolidating and testing the daily Super Trend again. If the market breaks it, the price may continue growing towards the 0/8
level. In case later the pair rebounds from this level, the market will resume moving downwards.
At the H1 chart, the pair is trying to break the 5/8
level. In case the price fixes above this level, it may continue growing to reach the 7/8
one. If later the 7/8
level is broken as well, the market will reach the 8/8
EUR JPY, “Euro vs Japanese Yen”
The EUR/JPY pair reached a new high and right now is trying to stay above the 5/8
level. If bulls succeed, the price may continue moving upwards to reach 6/8
As we can see at the H1 chart, Super Trends formed “bullish cross”. The price is steadily moving above the 6/8
level and may grow to reach the 8/8
one in the nearest future. If later it rebounds from this level, the market may start a new descending correction.
RoboForex Analytical Department
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