EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is moving close to the “overbought area”. In this case, the price may break 8/8 and then continue trading downwards to reach 5/8. 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 growth 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 moving downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, the pair is moving above 4/8. In this case, GBPUSD is expected to break 5/8 and then continue growing towards the resistance at 6/8. However, this scenario may no longer be valid if the price breaks 4/8 and fixes below it. After that, the instrument is expected to continue falling 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 trading upwards.
