Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating inside the “overbought zone”. In the nearest future, the market may test the 8/8level and the H4 Super Trend. If the price rebounds from this level, the pair may resume moving upwards to reach the +2/8 one.
As we can see at the H1 chart, Super Trends are still influenced by “bullish cross”. Possibly, the price may break the +2/8 level soon. If this level is broken, the lines at the chart will be redrawn.
CHF JPY, “Swiss Franc vs Japanese Yen”
The CHF/JPY pair is trading inside the “overbought zone” close to the H4 Super Trend. In the nearest future, the market may resume growing and test the +2/8 level.
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At the H1 chart, the 5/8 level provided support. Consequently, on Monday the pair may start a new growth and break the local high. The closest target for bull is at the +2/8 level.
RoboForex Analytical Department
Article By RoboForex.com
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.