EUR USD, “Euro vs US Dollar”
The EUR/USD pair continues falling. Earlier, Super Trends formed “bearish cross”. The closest target is at the 0/8 level. If later the price rebounds from this level, the pair may start a local ascending correction.
At the H1 chart, the pair is getting closer to the 5/8 level. During the day, the local correction may take place. If the price rebounds from the H1 Super Trend again, the market may reach the 4/8 level.
USD CHF, “US Dollar vs Swiss Franc”
After the pair rebounded from the 1/8 level and Super Trends formed “bullish cross”, the price broke the 5/8 level and fixed above it. Later, the market may test the 7/8 level and start a new descending correction.
At the H1 chart, the 7/8 level provided resistance, which means that the local correction may take place. If later the price rebounds from the H4 Super Trend, the market mat resume moving upwards to reach the 2/8 level.
RoboForex Analytical Department