EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is still trading below 1/8. In this case, the pair may break 0/8 and then continue falling towards the support at -1/8. However, this scenario may no longer be valid if the price breaks 1/8 to the upside. After that, the instrument may continue growing to reach the resistance at 2/8.
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 the descending tendency.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is moving below 3/8. The main scenario implies that the pair is expected to break 2/8 and then continue falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing to reach 4/8.
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 trading downwards to reach 1/8 from the H4 chart.
