Analysis for December 23rd, 2014
EURUSD, “Euro vs US Dollar”
Eurodollar rebounded from the 6/8 level and has been moving below Super Trends for quite a long time. Possibly, later bears may try to break the 0/8 level and then continue pushing the market downwards inside “oversold zone”
The lines at the H4 and H1 charts are completely the same. Super Trends are still influenced by “bearish cross” and provide support. After completing a local correction, the pair is expected to continue falling towards the -2/8 level.
AUDUSD, “Australian Dollar vs US Dollar”
After rebounding from the H4 Super Trend several times, Australian Dollar is back to falling. Considering that the price was able to stay below the 3/8 level, the market may fall much deeper. In the near term, the market may break the minimum again.
The pair is moving at the top of the H1 chart; Super Trends are still influenced by “bearish cross”. Probably, after completing a local correction, the pair may try to break the 0/8 level again.
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