EUR USD, “Euro vs US Dollar”
Last week, the EUR/USD pair broke the 4/8 level and Super Trends formed “bearish cross”. Later, the price may test the 2/8 levelю if the pair rebounds from this level, the market may start a local ascending correction.
At the H1 chart, the pair is moving inside the “oversold zone”. On Monday, the local correction may take place. If later the price fixes below the -1/8 level, the market will continue falling towards the -2/8 one.
USD CHF, “US Dollar vs Swiss Franc”
Super Trends formed “bullish cross”, which means that the pair may continue moving upwards. The closest target is at the 5/8 level. If later the price rebounds from this level, the market may start a new bearish correction.
At the H1 chart, the pair is trying to stay above the 8/8 level and the H1 Super Trend. If the price fixes above these levels during the day, the market will continue moving upwards to reach the 2/8 one.
RoboForex Analytical Department