EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart, the EUR/USD pair has reached its main target at the 0/8 level at 1.1718. At the moment, there are two possible scenarios. According to the first one, the price is expected to rebound and resume growing towards the first target at the 3/8 level at 1.1901. The second scenario implies that the instrument may fall to reach the -1/8 level at 1.1657 and then resume growing towards 1.1901.
At the M15 chart, the price may break the upside line of the VoltyChannel indicator and, as a result, resume moving upwards to reach 1.1901.
AUD USD, “Australian Dollar vs US Dollar”
As we can see at the H4 chart, the AUD/USD pair has reached its target at the 0/8 level at 0.7812. later, the price is expected to rebound from this level and resume growing towards the 3/8 one at 0.7995.
At the H1 chart, the price is also trading close to the support at the 0/8 level at 0.7812. The pair is expected to rebound from it and start moving upwards to reach 0.7995.
At the M15 chart, the price may break the upside line of the VoltyChannel indicator and, as a result, continue growing to reach 0.7995.
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.