EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is moving inside the “oversold area”. In this case, the price is expected to break 0/8 and then continue trading upwards to reach the resistance at 3/8. However, this scenario may no longer be valid if the price breaks -1/8 to the downside. After that, the instrument is expected to continue falling to reach the support at -2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, the pair has also reached the “oversold area”. In this case, GBPUSD is expected to break 0/8 and then continue growing towards the resistance at 3/8. However, this scenario may no longer be valid if the price breaks -1/8 and fixes below it. After that, the instrument is expected to continue falling to reach the support at -2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards to reach 3/8 from the H4 chart.
