EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading inside the “oversold zone”. Last Friday, the price broke the -1/8 level, but after today’s trading session opening it moved back and right now is still trading below this level. In this case, the instrument is expected to try to break the -1/8 level once again and then continue growing towards the 0/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue growing to reach 1.1718.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to fall towards the support at the 0/8 level.
In the H1 chart, the pair may rebound from the 3/8 level and then resume falling towards the 0/8 one.
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.
