EUR USD, “Euro vs. US Dollar”
At the H4 chart, the EUR/USD pair is still moving towards its main target at the support at the 0/8 level at 1.1718, just as expected. The last level to break before reaching the target is the 1/8 one at 1.1779. In this case, the price may continue falling and reach the 0/8 level at 1.1718.
At the M15 chart, the price may break the downside line of the VoltyChannel indicator and, as a result, continue falling towards 1.1718.
GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart, the GBP/USD pair is trading towards the target at the 5/8 level at 1.3305. The price is expected to test this level, rebound from it, and then resume growing towards the resistance at the 8/8 one at 1.3672.
As we can see at the M15 chart, the price has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling to reach 1.3305.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.