EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is trading below the 3/8 level. In this case, the price may break the 2/8 level and then continue falling towards the support at the 0/8 one.
In the H1 chart, the pair may break the 5/8 level and continue falling to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD rebounded from the support at the 0/8 level yesterday. In this case, the price may resume growing towards the resistance at the 3/8 level.
In the H1 chart, the pair may break the 3/8 level and continue moving upwards to reach 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 trading upwards.
