EUR USD, “Euro vs US Dollar”
The EUR/USD pair failed to break the 4/8 level on the first try. As a result, during the day the price may be corrected. If later the pair rebounds from the H4 Super Trend, the market may resume falling towards the 2/8 level.
At the H1 chart, the 4/8 level provided support as well. If the price fails to stay above the 2/8 level during the day, bears may try to break the -2/8 one. In this case, the lines at the chart will be redrawn.
AUD USD, “Australian Dollar vs US Dollar”
In case of the AUD/USD pair, Super Trends formed “bearish cross”. In the nearest future, the local correction may take place, which may later be followed by a further decline of the pair towards the 1/8 level.
At the H1 chart, the pair is already moving inside the “oversold zone”. On Friday, the price may test Super Trends. If the market rebounds from them, the pair will start a new decline to break the -2/8 level.
RoboForex Analytical Department