Analysis for March 6th, 2015
EUR USD, “Euro vs US Dollar”
Euro is still moving downwards and supported by Super Trends. The price has broken the
3/8 level and stayed below it, which means that it may continue falling towards the
0/8 one.
As we can see at the H1 chart, yesterday the pair reached the
0/8 level. However, as long as the price is moving below Super Trends, there is a possibility that it may continue falling. If the market breaks the
0/8 level and stays below it, the closest target will be at the
-2/8 one.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has broken the
0/8 level and right now is moving inside “oversold zone”. Super Trends are still influenced by “bearish cross”. In the near term, the market may continue falling towards the
-2/8 level and even break it.
The market is moving in the middle of the H1 chart. If later the pair breaks the
3/8 level, the price will continue falling towards the
0/8 level. I’ve opened another sell order when the price rebounded from the
4/8 level.
RoboForex Analytical Department