EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is consolidating. In this case, the price may break the 3/8 level and then continue falling towards the support at the 0/8 one.
As we can see in the H1 chart, the pair has rebounded from the 5/8 level and fall towards the 3/8 one. In this case this level is also broken the price may continue trading 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 moving downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is trading inside the “oversold zone”. In this case, the price may break the 0/8 level and then continue growing towards the resistance at the 1/8 one.
However, in the H1 chart the pair is trading below the 3/8 level and may continue moving 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 falling.
