Analysis for September 27th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair tested the 5/8
level, but couldn’t stay above it. Consequently, in the nearest future the market may resume moving downwards to reach the 3/8
level. If later the price breaks this level, the market will continue falling much deeper.
At the H1 chart, the pair is moving inside the “overbought zone”. To confirm a new decline, a local at least, the price has to break Super Trends along with the 8/8
level and stay below them. If it happens, the closest bearish target will be at the 6/8
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is being corrected under the H4 Super Trend. Moreover, the price rebounded from the 1/8
level. As a result, in the nearest future the market may resume falling towards the -2/8
At the H1 chart, the pair is moving in the middle. Considering that the price rebounded from the 5/8
level earlier, the market is expected to continue falling towards the 3/8
level in the nearest future. If later this level is broken, the instrument may fall much deeper.
RoboForex Analytical Department
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