Analysis for September 27th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair tested the
5/8 level, but couldn’t stay above it. Consequently, in the nearest future the market may resume moving downwards to reach the
3/8 level. If later the price breaks this level, the market will continue falling much deeper.
At the H1 chart, the pair is moving inside the “overbought zone”. To confirm a new decline, a local at least, the price has to break Super Trends along with the
8/8 level and stay below them. If it happens, the closest bearish target will be at the
6/8 level.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is being corrected under the H4 Super Trend. Moreover, the price rebounded from the
1/8 level. As a result, in the nearest future the market may resume falling towards the
-2/8 level.
At the H1 chart, the pair is moving in the middle. Considering that the price rebounded from the
5/8 level earlier, the market is expected to continue falling towards the
3/8 level in the nearest future. If later this level is broken, the instrument may fall much deeper.
RoboForex Analytical Department