EUR USD, “Euro vs US Dollar”
The EUR/USD pair rebounded from the daily Super Trend, which means that the price may resume falling. The closest target for bears is at the 0/8 level.
As we can see at the H1 chart, the pair failed to fix above the 7/8 level and may resume moving downwards. It’s highly likely that in the nearest future the market may continue falling to reach the 3/8 level.
USD CHF, “US Dollar vs Swiss Franc”
In case of the USD/CHF pair, the daily Super Trend and the 4/8 level provided support. To confirm a new ascending movement, the price has to break the H4 Super Trend and the 5/8 level.
At the H1 chart, the pair rebounded from the 0/8 level. In the nearest future, the market may grow towards the 4/8 level. After reaching this level, the price may start a local descending correction.
RoboForex Analytical Department