EUR USD, “Euro vs US Dollar”
The EUR/USD pair fixed inside the “overbought zone”. Possibly, in the nearest future the market may grow towards the 2/8 level. After reaching it, the price may start a new descending correction.
The lines at the H4 and H1 charts are completely the same. If the pair is able to stay above the H1 Super Trend, it may break the local high. If later the price market breaks the 2/8 level, the lines at the chart will be redrawn.
NZD USD, “New Zealand Dollar vs US Dollar”
The NZD/USD pair rebounded from the 1/8 level and Super Tends formed “bullish cross”. The 3/8 level provides support, that’s why the price may grow towards the 5/8 one during the day.
At the H1 chart, the pair rebounded from the 6/8 level, which means that it may resume moving upwards. If later the market fixes above the 7/8 level, the price may continue growing to reach the 2/8 one.
RoboForex Analytical Department