EUR USD, “Euro vs US Dollar”
The EUR/USD pair fixed below the 8/8 level and right now is testing the daily Super Trend. If the price breaks it, the pair may start a new descending movement. The closest target for bears is at the 6/8 level. If this level is also broken, the market may continue falling towards the 4/8 one.
At the H1 chart, the pair is trading at the 6/8 level. If the price breaks this level and fixes below it, the market may continue falling to reach the 4/8 one.
USD CHF, “US Dollar vs Swiss Franc”
After rebounding from the 2/8 level, the USD/CHF pair reached the daily Super Trends. If the price breaks it, the pair may continue growing towards the 6/8 level. After reaching it, the market may start a new correction.
As we can see at the H1 chart, Super Trends formed ‘’bullish cross”. On Friday, the market may test the 8/8 level. If the price rebounds from it, the pair may start a short-term correction.
RoboForex Analytical Department