Analysis for December 29th, 2014
EURUSD, “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. If the market breaks this level, the pair will continue falling much deeper.
The lines at the H4 and H1 charts are completely the same. Super Trends have formed another “bearish cross”. If later the price breaks the -2/8 level, the lines at the chart will be redrawn.
AUDUSD, “Australian Dollar vs US Dollar”
After rebounding from the H4 Super Trend several times, Australian Dollar is back to falling. The price has been able to stay below the 3/8 level, that’s why later the market is expected to continue falling much deeper. The pair may reach a new low during the day.
The pair is moving at the bottom of the H1 chart; Super Trends are at the same price level. Probably, after completing a local correction, the pair may try to break the 0/8 level again.
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