EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is consolidating at the 4/8 level. If the price breaks this level to the upside, it may grow to reach the 5/8 one. Otherwise, the instrument may continue falling towards the support at the 0/8 level.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards to reach 1.2207.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to test the resistance at the 2/8 level, rebound from it, and then resume falling towards the 8/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
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.