EUR USD, “Euro vs US Dollar”
The EUR/USD pair rebounded from the H4 Super Trend. Consequently, later the market may resume growing. The closest target for bulls is at the 2/8 level. After reaching it, the price may start a new descending correction.
At the H1 chart, the pair failed to break the 5/8 level. Super Trends are still influenced by “bullish cross”. As a result, in the nearest future the market may move upwards to reach the 8/8 level.
GBP USD, “Great Britain Pound vs US Dollar”
The H4 Super Trend provided support. Consequently, the price may resume growing. If later the pair rebounds from the 6/8 level, the market may start a new bearish correction.
The lines at the H4 and H1 charts are completely the same. To confirm a new decline, the price has to fix above the H1 Super Trend. If it happens, bulls may try to break the high.
RoboForex Analytical Department