EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is still expected to fall towards the support at the 0/8 level.
As we can see in the H1 chart, the pair rebounded from the resistance level yesterday and may start a new decline to reach the support at the 3/8 level.
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 rebounded from the support at the 5/8 level last Friday and may resume growing 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, continue moving 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.