EUR USD, “Euro vs US Dollar”
The EUR/USD pair is still being corrected. On Wednesday, the price may reach a new local low. If later the pair fixes below the H4 Super Trend, the market may resume falling towards the 0/8 level.
At the H1 chart, the pair may test the 5/8 level. If later the price rebounds from this level, the market may resume falling and break its previous lows.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is trading between Super Trends. If later the price is able to stay below the 5/8 level, the market may start a new growth to reach the 7/8 one.
At the H1 chart, the pair may once again test the 3/8 level, which earlier provided support. If the price rebounds from this level, the market may resume moving upwards and break the local high.
RoboForex Analytical Department