EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is consolidating. Last Friday, the price rebounded from the 4/8 level and may resume falling towards the 2/8 one.
As we can see in the H1 chart, the pair has rebounded from the resistance at the 8/8 level and may start a new decline to reach the support at the 5/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD may break the 7/8 level and continue falling towards the support at the 5/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.
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.