EUR USD, “Euro vs US Dollar”
After rebounding from the daily Super Trend, the EUR/USD pair resumed falling. As a result, in the nearest future the market may break the local low. The closest target for bears is at the 0/8 level.
At the H1 chart, Super Trends formed “bearish cross”. On Friday, the pair may start a new local correction and test the 5/8 level. If later the price rebounds from this level, the market may resume moving downwards.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair rebounded from the daily Super Trend and the 4/8 level and, as a result, resume growing. The closest target for bull is at the 8/8 level. After reaching this level, the price may start a new correction.
As we can see at the H1 chart, the 0/8 level provided support and the pair started growing quickly. After finishing the local correction at the 2/8 level, the price may continue moving upwards to reach the local high.
RoboForex Analytical Department