EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has tested 3/8. In this case, the price is expected to resume falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 4/8 to the upside. 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, may continue moving downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is trading inside the “overbought area”. In this case, the pair is expected to break 8/8 and then continue falling to reach the support at 5/8. However, this scenario may no longer be valid if the price breaks +1/8 and fixes above it. After that, the instrument may continue trading upwards to reach the resistance at +2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, move upwards.
