EUR USD, “Euro vs US Dollar”
At the H4 chart, Super Trends formed “bearish cross”. If the pair stays below the 3/8 level, the price may continue falling towards the 2/8 one.
At the H1 chart, the pair is still falling below Super Trends. The closest bearish target is at the 0/8 level. If later the price rebounds from this level, the market may start a new bullish correction.
USD CHF, “US Dollar vs Swiss Franc”
Super Trends formed “bullish cross”. Earlier, the pair rebounded from the 1/8 level. It’s highly likely that during the day the price may test the 5/8 level and then start a new correction.
At the H1 chart, the pair is about to enter the “overbought zone”. If the price breaks the 8/8 level and fixes above it, the market will continue moving upwards to reach the 2/8 one.
RoboForex Analytical Department