Analysis for December 30th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair tested the
7/8 level and rebounded from it. To confirm a new descending movement, the price has to break Super Trends downwards. If it happens, the market may continue falling towards the
4/8 level.
At the H1 chart, the pair rebounded from the
+1/8 level. On Friday, the local correction may take place, which may later followed by another descending movement towards the
3/8 level. if the market fixes below this level, it may continue moving downwards.
GBP JPY, “Great Britain Pound vs Japanese Yen”
The GBP/JPY pair is still falling. Earlier, the price rebounded from the
7/8 level and then Super Trends formed “bearish cross”. If the pair rebounds from the H4 Super Trend in the nearest future, the market may continue moving downwards to reach the
5/8 level.
At the H1 chart, the pair is consolidating between Super Trends. If the price is able to fix below the
3/8 level during the day, the market will continue falling. In this case, the closest target will be at the
0/8 level.
RoboForex Analytical Department