EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is moving between 5/8 and 6/8. In this case, the price is expected to break 5/8 again and then continue falling towards the support at 3/8. However, this scenario may no longer be valid if the price breaks 6/8 to the upside. After that, the instrument may continue growing to reach 7/8.
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 is approaching the “overbought area”. In this case, the price is expected to test 8/8, rebound from it, and then resume falling towards the support at 5/8. However, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may continue growing to reach 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 moving downwards to reach 5/8 from the H4 chart.
