Analysis for May 23rd, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar is still moving inside the “oversold zone”. If the price rebounds from the
0/8 level and the H4 Super Trend during the day, it may resume its descending movement. In this case, the closest target will be at the
-2/8 level.
At the H1 chart, the price is also moving below the
0/8 level. On Monday, Eurodollar may resume falling and break the
-1/8 level. If later the pair breaks the
-2/8 level, the lines at the chart will be redrawn.
USD CHF, “US Dollar vs Swiss Franc”
In case of Franc, the uptrend continues; bulls are supported by the H4 chart. On Monday, the price may resume growing towards the
8/8 level.
At the H1 chart, the price is moving at the bottom. The market is trying to rebound from the
2/8 level. If later the pair breaks the
3/8 level, the next target for bulls will be at the
4/8 one.
RoboForex Analytical Department