EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has completed the correctional uptrend towards 2/8, just as expected. In this case, the price may break 1/8 and then continue trading downwards to reach the support at -1/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may start a new growth towards 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”
In the H4 chart, the pair is still consolidating. In this case, GBPUSD is expected to rebound from 4/8 and then resume growing towards the resistance at 6/8. 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.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.
