Analysis for November 18th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has been able to stay inside “oversold zone”. If the pair rebounds from the H4 Super Trend, it may resume falling. The closest target is at the -2/8 level.
At the H1 chart, Eurodollar is also moving at the bottom, but between Super Trends. If later the price breaks the -2/8 level, the lines at the chart will be redrawn.
NZD USD, “New Zealand Dollar vs US Dollar”
New Zealand Dollar has stayed below the 3/8 level. During the local correction, I opened another sell order. It looks like the pair is going to resume its decline towards the closest target at the 0/8 level quite soon. If the market rebounds from this level, it may start a new correction.
At the H1 chart, the pair is moving between Super Trends. If later the price is able to stay below the 3/8 level, the market may start a new descending movement. In this case, the target will be at the 0/8 level.
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