Analysis for April 8th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar is still consolidating; bulls are supported by the H4 Super Trend and the 5/8
level. If the price rebounds from them upwards, it may continue moving upwards and reach the 7/8
level during the next week.
At the H1 chart, Eurodollar has rebounded from the 2/8
level several times. Super Trends are still influenced by “bullish cross”. If in the nearest future the price is able to stay above the 3/8
level, it may continue growing to reach the 4/8
USD CHF, “US Dollar vs Swiss Franc”
After rebounding from the 2/8
level, Franc has started a new correction. In the future, the pair may test the H4 Super Trend. If the market rebounds from it, the price may resume its descending movement towards the 1/8
At the H1 chart, Franc has rebounded from the 0/8
level and started a correction. During the day, the current flat
may yet continue, but later the pair is expected to break the minimum and move towards the -2/8
level. If the price breaks this level, the lines at the chart will be redrawn.
RoboForex Analytical Department
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