Article By RoboForex.com
Analysis for November 4th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar is still consolidating; earlier the price rebounded from the 6/8 level. Bears are supported by the H4 Super Trend. If the pair rebounds from it, the market may resume falling and test the 5/8 level.
At the H1 chart, the price is moving in the middle; earlier Super Trends formed “bearish cross”, which is still in effect. If later the price is able to stay below the 3/8 level, the market will continue falling much deeper.
XAG USD, “Silver vs US Dollar”
Silver is still consolidating below Super Trends. Possibly, in the nearest future the price may break the 0/8 level and continue falling inside “oversold zone”.
At the H1 chart, the price is moving in the middle. Earlier Silver rebounded from the 3/8 level and right now is trying to stay below the 2/8 level and the H1 Super Trend. If bears succeed, the market may break the 0/8 level and continue falling inside “oversold zone”.
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RoboForex Analytical Department
Article By RoboForex.com
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
