Analysis for July 8th, 2015
EUR USD, “Euro vs US Dollar”
Euro has started a local correction. If the price is able to break the H4 Super Trend downwards, it will resume falling. In this case, the target will be at the
0/8 level.
At the H1 chart, the price is moving in the middle. If the price is able to rebound from the
5/8 level, it will resume falling. I’m planning to move the stop loss on my sell order to breakeven as soon as the price reaches the
4/8 level.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues falling quite steadily; bears are supported by Super Trends. The closest target is at the
1/8 level. If the price breaks this level, it will fall much deeper.
At the H1 chart, the pair has reached the
0/8 level. Yesterday, the price rebounded from the H1 Super Trend. Probably, the market may continue falling inside “oversold zone” towards the
-2/8 level during Wednesday.
RoboForex Analytical Department