EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is consolidating below 4/8. In this case, the price is expected to continue falling towards the support at 3/8. However, this scenario may no longer be valid if the price breaks 4/8 to the upside. After that, the instrument may continue growing to reach the resistance at 5/8.
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, GBPUSD has rebounded from 5/8. In this case, the price is expected to continue growing towards the resistance at 7/8. However, this scenario may no longer be valid if the price breaks the support at 5/8. After that, the instrument may continue falling to reach 4/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 7/8 from the H4 chart.
