EUR USD, “Euro vs. US Dollar”
At the H4 chart, the EUR/USD pair is expected to test the 0/8 level at 1.1718, rebound from it, and then start moving upwards to reach the 3/8 one at 1.1901.
At the H1 chart, the pair is also expected to test the 0/8 level at 1.1718, which is the same as at the H4 chart, and, as a result, rebound from it.
As we can see at the M15 chart, the pair may test 1.1718 and then break the upside line of the VoltyChannel indicator. As a result, the price may resume growing to reach 1.1901.
USD CHF, “US Dollar vs Swiss Franc”
At the H4 chart, the USD/CHF pair is still trading inside the “overbought zone” and expected to move downwards to reach the 5/8 level at 0.9582. However, if the pair breaks the +2/8 level at 0.9887, this scenario will be cancelled.
As we can see at the H1 chart, the may rebound from the 3/8 level at 0.9857 and continue falling towards 0.9582.
At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading to the downside towards 0.9582.
RoboForex Analytical Department