Analysis for December 22nd, 2014
EURUSD, “Euro vs US Dollar”
Eurodollar has rebounded from the 6/8 level and right now is moving below Super Trends. Possibly, later bears may try to break the 0/8 level and then continue pushing the market downwards inside “oversold zone”
The lines at the H4 and H1 charts are completely the same. Super Trends are still influenced by “bearish cross”. After completing a local correction, the pair is expected to continue falling towards the 0/8 level.
AUDUSD, “Australian Dollar vs US Dollar”
After rebounding from the H4 Super Trend several times, Australian Dollar is back to falling. If the price is able to stay below the 3/8 level, the market may fall much deeper. In the near term, the market may break the minimum.
The pair is still moving at the top of the H1 chart; Super Trends are still influenced by “bearish cross”. Probably, after completing a local correction, the pair may try to break the 5/8 level again.
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