EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD may break the 3/8 level and then continue growing towards the resistance at the 5/8 one.
In the H1 chart, the pair is trading above the 5/8 level and may continue growing 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.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD may rebound from the 3/8 level and resume falling towards the support at the 0/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
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.