EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is still moving downwards. In this case, the price is expected to continue trading downwards to reach -1/8. However, this scenario may no longer be valid if the price breaks 1/8 to the upside. After that, the instrument may start a new correctional uptrend towards the resistance at 2/8.
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”
As we can see in the H4 chart, there has been a false breakout of 3/8. In this case, GBPUSD is expected to continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 and fixes below it. After that, the instrument is expected to continue falling to reach the support at 1/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
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.