EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is trading below the 3/8 level. In this case, the price is expected to test the 3/8 level, rebound from it, and then continue falling towards the support at the 0/8 one.
As we can see in the H1 chart, the pair has left the “oversold zone” and may continue growing towards the resistance at the 3/8 level, which is a bit higher than in the H4 chart.
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 moving upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to grow towards the resistance at the 2/8 level. As we can see in the H1 chart, the price has rebounded from the support at the 0/8 level and may resume growing to reach the 2/8 one.
In the H1 chart, the pair may break the 3/8 level and then continue trading upwards to reach the resistance at the 5/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
