EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart, the EUR/USD pair has failed to break the 5/8 level at 1.2023 and fix above it. At the moment, the price is trading below the 3/8 level at 1.1901 and may continue falling towards the support at the 0/8 one at 1.1718.
At the H1 chart, the pair may test the 3/8 at 1.1932, rebound from it, and continue moving downwards to reach 1.1718. Besides, there is another possible scenario, according to which the instrument may test the 2/8 level at 1.1901 and resume falling to reach 1.1718.
USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart, the USD/JPY pair is trading close to the resistance at the 8/8 level at 112.50. The price is expected to rebound from it and resume falling towards the 5/8 one at 110.15.
At the M15 chart, the price may break the downside line of the VoltyChannel indicator and, as a result, resume falling to reach 110.15.
RoboForex Analytical Department