EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is still moving to the downside. In this case, the price may test 3/8, rebound from it, and start a new decline to reach the support at 2/8.
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, the downtrend continues. In this case, GBPUSD may rebound from 3/8 and then resume falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 4/8 to the upside. After that, the instrument may start a new correction to the upside to reach the resistance at 5/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue the downtrend.
