Analysis for November 9th, 2015
EUR USD, “Euro vs US Dollar”
After rebounding from the 0/8 level, Eurodollar has started another correction. If later the price is able to rebound from Super Trends, it may resume its descending movement. In this case, the closest target will be at the -2/8 level.
At the H1 chart, Eurodollar is also moving at the bottom. I’m planning to open another sell order as soon as the pair stays under the 0/8 level. If later the price breaks the -2/8 level, the lines at the chart will be redrawn.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is about to reach the 3/8 level. If later the pair is able to break this level and stay below it, the market will continue falling towards the 1/8 one.
At the H1 chart, the pair is moving inside “oversold zone”. It’s highly likely that during the day the price may test the 0/8 level. If the pair rebounds from it, market will continue falling and break the local minimum.
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