EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart, the EUR/USD pair has failed to break the 5/8 level at 1.2023 and fix above it. At the moment, the price is trading below the 3/8 level at 1.1901 and may continue falling towards the support at the 0/8 one at 1.1718.
At the H1 chart, the pair may test the 3/8 at 1.1932, rebound from it, and continue moving downwards to reach 1.1718. Besides, there is another possible scenario, according to which the instrument may test the 2/8 level at 1.1901 and resume falling to reach 1.1718.
USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart, the USD/JPY pair is trading close to the resistance at the 8/8 level at 112.50. The price is expected to rebound from it and resume falling towards the 5/8 one at 110.15.
At the M15 chart, the price may break the downside line of the VoltyChannel indicator and, as a result, resume falling to reach 110.15.
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.