On H4, the EUR/USD has left the overbought territory and may go down to the support at 6/8.
On H1, the price is under the consolidation range, which means further fall to the support at 0/8 is possible.
On M15, the lower VoltyChannel line has been broken out, which means a downtrend trend is prevailing.
On H4, 6/8 breakout may lead to the GBP/USD price fall to 5/8.
H1 charts show the same Murrey levels as H4, thus confirming the fall on H4.
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.