Analysis for July 27th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is being corrected. Possibly, during the day the price may rebound from the 5/8 level and it will be the first signal for bears to return to the market. If later the pair is able to stay below Super Trends, I’m planning to start selling.
At the H1 chart, the price has reached the 8/8 level. To confirm a new decline, the market has to fix below the 6/8 level. Most likely, it will happen in the nearest future.
NZD JPY, “New Zealand Dollar vs Japanese Yen”
The price is trying to break the 8/8 level again. Earlier the pair rebounded from the 2/8 level and it was the first signal of a new descending movement. I’m planning to move the stop loss on my current order to breakeven when the price breaks the minimum.
At the H1 chart, the price is moving in the middle. Earlier Super Trends formed “bearish cross”. After the market breaks the 3/8 level, the pair may continue falling much deeper.
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