Analysis for December 2nd, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is trying to stay under The H4 Super Trend and the ‑1/8 level. If the price succeeds, the market may resume falling towards the -2/8 level.
At the H1 chart, the price is moving in the middle. If Super Trends form “bearish cross” and the pair stays under the 3/8 level, the market may start a new descending movement.
EUR JPY, “Euro vs Japanese Yen”
The pair has rebounded from the daily Super Trend, which means that it may resume falling. It’s highly likely that the market may break the 3/8 level in the nearest future and will continue moving downwards. In this case, the target will be at the 2/8 level.
At the H1 chart, the price has rebounded from the 7/8 level. If later the market is able to stay below Super Trends, I’m planning to open another sell order. The closest target for bears is at the 4/8 level.
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