EUR USD, “Euro vs US Dollar”
The EUR/USD pair is testing the 6/8 level and the daily Super Trend again. If the price rebounds from these levels, it may resume its decline. The closest target for bears is at the 2/8 level.
At the H1 chart, the pair is testing the downside border of the “overbought zone”. Possibly, on Friday the price may reach the 1/8 level. If later the pair rebounds from this level, the market may resume moving downwards.
USD CHF, “US Dollar vs Swiss Franc”
Yesterday, the USD/CHF pair rebounded from the 7/8 level. As a result, on Friday the price may resume moving upwards. If later the market breaks the 2/8 level, the lines at the chart will be redrawn.
At the H1 chart, the 3/8 level provided resistance. Consequently, in the future the price may test the 5/8 level. To confirm a new ascending movement, the market has to break this level and stay above it.
RoboForex Analytical Department