EUR USD, “Euro vs US Dollar”
The EUR/USD pair is testing the 8/8 level again. If the price rebounds from it, the pair may resume falling towards the 6/8 level. If later this level is broken, the market may continue moving downwards to reach the 4/8 one.
At the H1 chart, the 4/8 level and the H4 Super Trend may provide resistance. If the price breaks these levels, the market may continue falling towards the local low.
EUR JPY “Euro vs Japanese Yen”
In case of the EUR/JPY pair, the price rebounded from the 1/8 level twice and then Super Trends formed “bearish cross”. As a result, in the nearest future the market may move downwards to reach the 4/8 level.
At the H1 chart, the pair is moving in the middle. Possibly, in the nearest future the market may resume falling. The closest target for bears is at the 1/8 level.
RoboForex Analytical Department