EUR USD, “Euro vs US Dollar”
Yesterday, the EUR/USD pair rebounded from the daily Super Trend for the second time. To confirm a new decline, the price has to fix below the 2/8 level. If it happens, the market will reach the 0/8 level and then may start a new correction.
At the H1 chart, the pair rebounded from the 7/8 level. The closest target for bears is at the 3/8 level. If later the price breaks this level and fixes below it, the market may continue moving downwards to reach the 0/8 one.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair rebounded from the daily Super Trend and the 4/8 level once again. So, if the price fixes above the 5/8 level, the market may resume growing to reach the 8/8 one.
As we can see at the H1 chart, the 0/8 level provided support. The closest target for bulls is at the 4/8 level. If later the pair breaks this level, the market may continue moving upwards.
RoboForex Analytical Department