Analysis for June 27th, 2016
EUR USD, “Euro vs US Dollar”
After rebounding from the 7/8
level twice, Eurodollar started plummeting, but was stopped by the ‑1/8
level. The local correction, which took place later, faced the resistance from the 3/8
level. It’s highly likely that in the nearest future the market may continue falling towards the -2/8
The lines at the H4 and H1 charts are completely the same. Last week, Super Trends formed “bearish cross”. It’s highly likely that on Monday the pair may break last Friday’s low. If later the market breaks the -2/8
level, the lines at the chart will be redrawn.
USD CHF, “US Dollar vs Swiss Franc”
Franc rebounded from the 0/8
level twice, reached the 4/8
one very fast, and then started a local correction. Taking into account that Super Trends have already formed “bullish cross”, in the nearest future the market may continue growing.
At the H1 chart, the current correction was supported by the 5/8
level as the price rebounded from it several times. If the pair breaks the 8/8
level during the day, later it may continue moving upwards and break the +2/8
one as well. In this case, the lines at the chart will be redrawn.
RoboForex Analytical Department
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