EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is moving below 3/8. In this case, the price is expected to test 3/8, rebound from it, and then resume trading downwards to reach 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 towards the resistance at 5/8.
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 moving downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is moving close to the resistance at 8/8. In this case, the price is expected to rebound from 8/8 and then resume falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks 8/8. After that, the instrument is expected to continue growing 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 trading downwards.
