Analysis for September 25th, 2014
EUR USD, “Euro vs US Dollar”
Euro has reached the 0/8 level, a very important one, and rebounded from it, that’s why I’ve recorded the profit for my upper sell orders. I’m holding my other orders in case the price continues falling, which is quite likely.
At the H1 chart, the situation is quite similar. Possibly, the market may start a new correction during the day. If the price is supported by the 6/8 level and Super Trends, I’m planning to increase my short position.
USD JPY, “US Dollar vs Japanese Yen”
Yen, in its turn, is making the second attempt to break the 8/8 level. If bulls are able to keep the price above this level, the market may continue growing and even break the +2/8 one.
At the H1 chart, Yen is also moving at the top. As soon as the price breaks the maximum, I’ll move all stop losses on my orders below the 7/8 level, because breaking this level may result in a new correction.
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