EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling towards the support at the 7/8 one.
In the H1 chart, the pair may rebound from the resistance at the 8/8 level and resume falling towards the support 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 8/8 level.
In the H1 chart, the price may break the 7/8 level and then continue trading upwards to reach the resistance at the 8/8 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.