EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to test the 5/8 level, rebound from it, and then resume falling towards the 3/8 one.
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.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is consolidating between the 3/8 and 5/8 levels. The price is expected to test the 3/8 level, rebound from it, and then resume growing to reach the 4/8 one.
In the H1 chart, the instrument is trading inside the “oversold zone”. In this case, the price is expected to break the -1/8 level and then continue growing towards the 0/8 one.
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.