EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading inside the “oversold zone”. In this case, it is expected to continue growing towards the 0/8 level.
In the H1 chart, the pair may break the 3/8 level and then continue growing towards the resistance at the 4/8 one.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD has failed to break the 1/8 level and may resume growing towards the resistance at the 3/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
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.