Analysis for November 23rd, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still moving inside “oversold zone”. If the price is able to stay below the -1/8 level, it will continue falling. If later the pair breaks the -2/8 level, the lines at the chart will be redrawn.
At the H1 chart, Eurodollar is also moving at the bottom. Earlier, Super Trends formed “bearish cross”. The closest target for bears is at the -2/8 level.
EUR JPY, “Euro vs Japanese Yen”
The pair is trying to stay below the 0/8 level. If the market is able to stay below this level, it may continue moving downwards. However, the doors swings both ways – if the 0/8 level is broken, the price may cancel the bearish scenario for a while.
At the H1 chart, the pair is being corrected. If the price is able to break the H1 Super Trend, it may continue falling to break the -2/8 level. In this case, the lines at the chart will be redrawn.
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