EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has rebounded from the support at 0/8. In this case, the price is expected to continue trading upwards to reach 3/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument is expected to continue falling to reach the support at -1/8.
In the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards to reach 3/8 from the H4 chart
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, the pair is trading below 3/8. In this case, GBPUSD is expected to test this level, rebound from it, and then resume falling towards the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8 and fixes above it. After that, the instrument is expected to continue growing to reach the resistance at 5/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards to reach 0/8 from the H4 chart.
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.