EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD may break the 6/8 level and then continue falling towards the 5/8 one.
As we can see in the H1 chart, the pair 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 support at the 2/8 one.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is consolidating. In this case, the instrument is expected to continue falling towards the support at the 3/8 level.
In the H1 chart, the price may rebound from the 4/8 level and then resume falling to reach the support at the 2/8 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 trading downwards.
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.