EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is consolidating. In this case, the price may break 4/8 and then continue trading downwards to reach the support at 2/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may start a new growth towards the resistance at 7/8.
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, the pair is moving close to 3/8. In this case, GBPUSD is expected to break this level and then continue falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 4/8 and fixes above it. After that, the instrument is expected to continue growing to reach the resistance at 6/8.
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.