Analysis for June 29th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar continues consolidating under the H4 Super Trend after rebounding from it several times. If later the price is able to stay under the 1/8
level, the market may resume falling towards the -2/8
At the H1 chart, the price has rebounded from the 2/8
level, which means that it may resume its descending movement soon. Super Trends are still influenced by “bearish cross”. 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 has broken the 4/8
level after all and right now is moving above it. Earlier, Super Trends formed “bullish cross”. If the price is able to stay above the 5/8
level, in the future the market may continue growing.
At the H1 chart, Franc is moving inside the “overbought zone”, Bulls are supported by Super Trends. It’s highly likely that on Tuesday the pair may break the +2/8
level. In this case, the lines at the chart will be redrawn.
RoboForex Analytical Department
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