EUR USD, “Euro vs. US Dollar”
At the H4 chart, the EUR/USD pair is consolidating between the 5/8 and 3/8 levels. The price is expected to break this range to the downside and continue falling towards at the 0/8 level at 1.1718.
As we can see at the H1 chart, the pair is rebounding from the 3/8 at 1.1932 and, as a result, may continue moving downwards to reach the 0/8 one at 1.1840 or even the main target at 1.1718.
At the M15 chart, the price has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling to reach 1.1718.
AUD USD, “Australian Dollar vs US Dollar”
At the H4 chart, there are two possible scenarios. According to the first one, the AUD/USD pair is expected to rebound from the 3/8 level at 0.7995 and fall towards the support at the 0/8 one at 0.7812. The second one implies that the price may break the 3/8 level and then continue growing towards the 5/8 level at 0.8117.
At the M15 chart, the price is expected to reach 0.7995. If the pair breaks the downside line of the VoltyChannel indicator, the above-mentioned scenario may complete. However, if the instrument breaks 0.7995 and fixes above it, the price may continue growing to reach 0.8117.
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.