EUR USD, “Euro vs US Dollar”
The EUR/USD pair broke the H4 Super Trend to the downside, which means that it may start a descending correction. If in the nearest future the price fixes below the 7/8 level, later the market may continue falling towards the daily Super Trend.
As we can see at the H1 chart, the pair rebounded several times from the 7/8 level and then Super Trends formed “bearish cross”. As a result, in the nearest future the market may continue falling towards the 2/8 level.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair rebounded from the channel’s downside border and the 4/8 level. If the price stays above the H4 Super Trend, it may continue growing during the day. The closest target is at the daily Super Trend.
Possibly, in the nearest future Super Trends may form “bullish cross”. In this case, the pair may continue growing towards the 5/8 level. After reaching it, the price may start a new local correction.
RoboForex Analytical Department