Analysis for December 24th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar is still moving below Super Trends inside “oversold zone”. Possibly, later bears may rebound from the 0/8 level and then continue pushing the market towards the -2/8 one.
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.
AUD USD, “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 bottom 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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