EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 level. In this case, the price is expected to break the 3/8 level and then continue falling towards the support at the 1/8 one.
In the H1 chart, the pair may break the 3/8 level and then continue growing towards the resistance at the 5/8 one.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to grow towards the resistance at the 2/8 level.
In the H1 chart, the price may break the 2/8 level and continue growing to reach the resistance at the 5/8 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 trading upwards.
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.