On H4 the instrument is trading in the oversold area. Currently, a breakthrough of 0/8 may lead to growth up to the resistance at 2/8. Until the price is trading below 0/8, there is a possibility that the pair may drop to the support at -1/8.
On M15 a breakthrough of the upper line of the VoltyChannel will enhance the possibility of growth to the resistance at 2/8 from H4.
On H4 the pair is trading in the consolidation range again. The price may still drop to the support at 3/8, The scenario may no longer be valid if the price breaks through 5/8, which may lead to growth up to 8/8.
On M15 the price is trading between the VoltyChannel lines. In case it breaks through the upper line, it may grow to the resistance at 8/8 from H4. Conversely, if the price break through the lower line, it may drop to the support at 3/8 from H4.
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.