Analysis for September 22nd, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar has reached the lower border of “oversold zone”; earlier the price rebounded from the H4 Super Trend and broke the minimum. During Monday, the price may break the -2/8 level. In this case, the lines at the cart will be redrawn.
At the H1 chart, the price is moving in the middle; bears are still supported by Super trends. If the pair is able to stay below the 3/8 level, the market will continue falling.
XAG USD, “Silver vs US Dollar”
Silver is still falling fast. Considering that the price is moving below the 3/8 level steadily, At the same time, if sellers are unable to break the 1/8 level of the first try, the possibility of a new correction will increase significantly.
The target at the H4 and H1 charts is the same, but at the H1 chart the price hasn’t been able to break the 3/8 level downwards yet and right now is moving near it. I’ve got only one sell order so far, with the stop loss in breakeven. During a correction, I’m planning to open another sell order.
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