Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair finally managed to fix above the 7/8 level. As a result, in the nearest future the market may test the 8/8 level. If later the pair rebounds from this level, the pair may be corrected towards the 6/8 one.
The lines at the H4 and H1 charts are completely the same. The current growth is supported by Super Trends. In the future, the market may reach the 8/8 level and start a new bearish correction.
USD CAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair rebounded from the 8/8 level, which means that it may start a new correction. The closest target for bears is at the 4/8 level. After reaching it, the market may resume moving upwards.
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At the H1 chart, the pair is trading between Super Trends. To confirm a new descending correction, the price has to has to fix below them. During the next several days, the market may fall towards the 4/8 level.
RoboForex Analytical Department
Article By RoboForex.com
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