EUR USD, “Euro vs US Dollar”
The EUR/USD pair is still consolidating between Super Trends. The 8/8 level provide support. If the pair fixes below the 7/8 level in the nearest future, the market may continue moving downwards to reach the 6/8 one.
At the H1 chart, the pair may test the 4/8 level. If the price rebounds from this level, the market may resume falling towards the 0/8 one and the daily Super Trend.
GBP JPY “Great Britain Pound vs Japanese Yen”
The GBP/JPY pair rebounded from the 1/8 level and started a new ascending correction. As a result, in the nearest future the market may resume growing and test the daily Super Trend along with the 3/8 level.
As we can see at the H1 chart, Super Trends formed ‘’bullish cross”. On Wednesday, the market may be corrected towards the 3/8 level. If later the price rebounds from this level, the pair may continue moving upwards to reach the 6/8 one.
RoboForex Analytical Department