At the H4 chart, the EUR/USD pair is expected to break the 6/8 level and then continue growing towards the resistance at the 8/8 one.
At the H1 chart, the scenario is different. Here, the price is trading close to the resistance at the 8/8 level. In case the pair breaks the 7/8 level, the instrument may continue falling towards the support at the 5/8 one.
As we can see at the M15 chart, the pair is trading above the upside line of the VoltyChannel indicator, which means that it may continue growing towards 1.2207.
GBP USD, “Great Britain Pound vs US Dollar”
At the H4 chart, the GBP/USD pair rebounded from the 5/8 level yesterday and right now is trying to continue its growth. The price is expected to continue moving upwards to reach the resistance at the 8/8 one.
The lines at the H4 and H1 charts are completely the same and confirm the scenario described above.
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue growing towards 1.3671.
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.