EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to break the 3/8 level and then continue falling towards the support at the 0/8 one.
In the H1 chart, the price is trading below the 3/8 level and may continue moving downwards to reach the support at the 0/8 one.
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 consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to resume falling towards the support at the 3/8 level.
In the H1 chart, the price may break the 0/8 level and then continue growing towards the resistance at the 3/8 one.
