On H4, the EUR/USD is overbought. Now, once 8/8 gets broken out, the price may fall further to reach the expect at 7/8.
On H1, the pair may start rising once 5/8 gets broken out, the target being the resistance at 8/8.
On H4, the GBP/USD has left the overbought area and broken out 8/8, which signals a likely price fall to 5/8.
H1 charts show the same Murrey levels as H4, thus confirming the H4 analysis.
On M15, the lower VoltyChannel line has been broken out, which signals a likely price fall.
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.