Analysis for November 20th, 2015
EURUSD, “Euro vs US Dollar”
Eurodollar has rebounded from the 0/8 level, which means that it may resume falling. I’m planning to open another sell order as soon as the market is able to stay under the H4 Super Trend. The target for the next several days is at the -2/8 level.
At the H1 chart, yesterday the price rebounded from the 4/8 level. If Super Trends form “bearish cross”, the market may start another decline. Possibly, it may happen on Friday.
XAGUSD, “Silver vs US Dollar”
Silver has rebounded from the H4 Super Trend, which means that the downtrend may continue. The closest target for bears is at the 3/8 level: if the price is able to stay below it, the market may continue moving downwards much deeper.
As we can see at the H1 chart, the price has rebounded from the 3/8 level. It looks like the market is going to move towards the -2/8 level in the nearest future. If later the pair breaks this level, the lines at the chart will be redrawn.
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