EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is expected to continue growing to reach the resistance at the 3/8 level.
However, in the H1 chart the scenario may be a bit different. Right now, the pair is trading near the “overbought zone”. If the price rebounds from the resistance at the 8/8 level, the instrument may resume falling towards the support at the 3/8 one.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is trading below the 3/8 level and may continue falling towards the support at the 0/8 one.
In the H1 chart, the pair may break the 3/8 level and move downwards 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.
