Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is consolidating above the H4 Super Trend. Earlier, the price failed to fix above the 6/8 level and started the current decline. The closest target for bears is at the 0/8 level. After reaching this level, the market may start an ascending correction.
At the H1 chart, the pair is consolidating at the 3/8 level. If the price is able to stay under this level, the market may resume falling and reach the 0/8 one.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is testing the 5/8 level and the H4 Super Trend. If the price rebounds from these levels, the market may start a new decline to reach the 7/8 one.
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At the H1 chart, the pair is trading at the 6/8 level. If the price rebounds from this level, the market may resume moving upwards. In this case, the closest target for bulls will be at the +2/8 level. After this level is broken, the lines at the chart will be redrawn.
RoboForex Analytical Department
Article By RoboForex.com
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