EUR USD, “Euro vs US Dollar”
Super Trends formed “bearish cross”, which means that the pair may continue falling. The closest target is at the 5/8 level. If later the price breaks this level, the market may continue moving downwards to reach the 4/8 one.
At the H1 chart, the 0/8 level provided support. Possibly, on Monday the pair may test Super Trends and the 1/8 level. If the price rebounds from them, the market may start another decline.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair managed to fix above the 4/8 level and Super Trends. Taking into account that the price rebounded from the 2/8 level, in the nearest future the market may continue growing towards the 6/8 one.
As we can see at the H1 chart, the pair is moving inside the “overbought zone”. On Monday, the price may test the 8/8 level. If the price rebounds from it, the market may resume moving upwards. If later the pair breaks the 2/8 level, the lines at the chart will be redrawn.
RoboForex Analytical Department