Article By RoboForex.com
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.
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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Article By RoboForex.com
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