EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is consolidating. In this case, the price is expected to resume growing towards the resistance at the 5/8 one.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is trading close to the 5/8 level. In this case, the price may resume continue falling towards the support at the 3/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
