EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading inside the “oversold zone”. In this case, the price may break the -1/8 level and grow towards the 0/8 one.
![EURUSD1](/upload/content/medium/1.PNG)
![Risk Warning: the result of previous trading operations do not guarantee the same results in the future](/upload/content/medium/en.png?version=v1528895583)
In the H1 chart, the pair may rebound from the 3/8 level and then resume falling towards the target at the 0/8 one.
![EURUSD2](/upload/content/medium/2.PNG)
![Risk Warning: the result of previous trading operations do not guarantee the same results in the future](/upload/content/medium/en.png?version=v1528895583)
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to fall towards the support at the 0/8 level.
![GBPUSD1](/upload/content/medium/4.png)
![Risk Warning: the result of previous trading operations do not guarantee the same results in the future](/upload/content/medium/en.png?version=v1528895583)
As we can see in the H1 chart, the pair is consolidating. In this case, the price may resume falling towards the support at the 0/8 one.
![GBPUSD2](/upload/content/medium/5.png)
![Risk Warning: the result of previous trading operations do not guarantee the same results in the future](/upload/content/medium/en.png?version=v1528895583)
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 falling.
![GBPUSD3](/upload/content/medium/6.png)
![Risk Warning: the result of previous trading operations do not guarantee the same results in the future](/upload/content/medium/en.png?version=v1528895583)