Analysis for May 26th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar is moving inside the “oversold zone”, near the
-1/8 level. If the price stays below this level, it may resume falling. After the market breaks the
-2/8 level, the lines at the chart will be redrawn.
At the H1 chart, the price got back to the
2/8 level during the current correction. If Eurodollar stays under this level during the day, it may continue moving downwards to reach the
0/8 level. After breaking it, the market may fall much deeper.
USD CHF, “US Dollar vs Swiss Franc”
Franc has rebounded from the
+1/8 level and right now is trying to stay above the H4 Super Trend. As a result, in the nearest future the market may break its local high and reach the
+2/8 level.
At the H1 chart, the price has rebounded from the
4/8 level. If later the price stays above the
5/8 level, it may continue growing towards the
8/8 one. If the pair rebounds from the
8/8 level, the market may start a new local correction.
RoboForex Analytical Department