EURUSD, “Euro vs. US Dollar”
On H4, the quotations have broken through 5/8 and are trading in a consolidation range. Further falling to 4/8 is expected. The scenario may be canceled if the quotations break 5/8 upwards, proceeding to the nearest resistance at 6/8.
On M15, a breakaway of the lower border of VoltyChannel confirms probable falling once again.
GBPUSD, “Great Britain Pound vs US Dollar”
On H4, the quotations are also trading in a consolidation range. A breakaway of 4/8 and further falling to 3/8 are expected. Such a scenario may no longer be valid if 5/8 is broken away, which may lead the price to the resistance at 6/8.
On M15, the lower border of VoltyChannel is broken away. This confirms the probability of falling to 3/8 on 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.