EUR USD, “Euro vs US Dollar”
The EUR/USD pair continues moving upwards inside the “overbought zone”. If later the price rebounds from the 1/8 level, the market may resume falling. To confirm this scenario, the pair has to fix below the 8/8 level and the H4 Super Trend.
The lines at the H4 and H1 charts are completely the same. Earlier, the pair failed to stay below the 8/8 level. If later the price fixes below Super Trends, the market may reach the 6/8 level.
USD CAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair rebounded from the downside border of the ascending channel. Moreover, the 6/8 level provides resistance. Consequently, in the nearest future the market may grow towards the 8/8 level.
At the H1 chart, the pair is still consolidating. To confirm a new growth, Super Trends have to form “bullish cross”. If it happens, the closest target will be at the 4/8 level.
RoboForex Analytical Department