On H4 the pair has escaped the oversold area, trading above 0/8. Currently, further growth to the resistance at 3/8 is possible. The scenario will no longer be valid in case 0/8 is broken, which may lead to further decline to the support at -1/8.
On M15 the upper line of the VoltyChannel is broken through, which increases the possibility of further growth.
On H4 the instrument is trading above the consolidation area. Currently, further growth to the resistance at 8/8 is expected. The scenario will no longer be valid is the price returns to the consolidation area, which may follow a breakthrough of 5/8, after which the pair may hit 4/8.
On M15 the upper line of the VoltyChannel is broken, which points at an ascending trend and enhances the possibility of further growth.
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.