EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is expected to test the support at 0/8, rebound from it, and then resume growing to reach the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may continue falling towards the support at -2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards to reach 3/8 from the H4 chart.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is trading at 6/8. In this case, the pair is expected to break this level and then continue falling to reach the support at 4/8. However, this scenario may no longer be valid if the price breaks 7/8. After that, the instruemnt5 may continue growing towards the resistance at 8/8.
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 moving 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.