EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 levels. It has rebounded from the 5/8 level and may resume falling towards the 3/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to continue growing towards the resistance at the 8/8 level.
In the H1 chart, the pair is trading above the 5/8 level and may continue grow towards 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.