EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is consolidating. In this case, the price is expected to test 5/8, rebound from it, and then resume trading downwards to reach the support at 4/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside and fixes above it. After that, the instrument may continue growing towards the resistance at 6/8.
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 has rebounded from 5/8. In this case, the price is expected to resume growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument is expected to continue falling towards the support at 3/8.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards to reach 7/8 from the H4 chart.
