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 one.
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 level.
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