EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has rebounded from the support at the 0/8 level. In this case, the price is expected to resume growing to reach the resistance at the 2/8 level.
In the H1 chart, the pair has also rebounded from the 0/8 level and move upwards to reach the resistance at the 4/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to continue trading to reach the support at the 0/8 level.
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.