Analysis for December 28th, 2015
EURUSD, “Euro vs US Dollar”
In case of Eurodollar, the situation remains the same. If later the price isn’t able to stay above the 2/8 level, it may continue falling. In this case, the pair may break Super Trends and stay below them.
At the H1 chart, Eurodollar is moving in the middle. I’m planning to start selling with the target at the 0/8 level as soon as the pair breaks Super Trends downwards. If the price is able to stay below the 3/8 level, bears will return to the market.
USDCAD, “US Dollar vs Canadian Dollar”
In case of Canadian Dollar, the uptrend continues. The price is still moving above the daily Super Trend. I’m planning to increase my long position with the target at the 8/8 level as soon as the price stays above the 6/8 one.
At the H1 chart, the price is being corrected under Super Trends. Possibly, on Monday the pair may try to break the 4/8 level. If it happens and later the market stays above the 5/8 level, the next target for bulls will be at the 8/8 one.
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