EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is still moving downwards. In this case, the price is expected to continue trading downwards to reach -1/8. However, this scenario may no longer be valid if the price breaks 1/8 to the upside. After that, the instrument may start a new correctional uptrend towards the resistance at 2/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, there has been a false breakout of 3/8. In this case, GBPUSD is expected to continue growing towards the resistance at 5/8. However, this scenario may no longer be valid if the price breaks 3/8 and fixes below it. After that, the instrument is expected to continue falling to reach the support at 1/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
