EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is expected to test the support at 0/8, rebound from it, and then resume growing to reach the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 0/8 to the downside. After that, the instrument may continue falling towards the support at -2/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards to reach 3/8 from the H4 chart.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is trading at 6/8. In this case, the pair is expected to break this level and then continue falling to reach the support at 4/8. However, this scenario may no longer be valid if the price breaks 7/8. After that, the instruemnt5 may continue growing towards the resistance at 8/8.
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 moving downwards.
