EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading inside the “oversold zone”. In this case, it is expected to continue growing towards the 0/8 level.
In the H1 chart, the pair may break the 3/8 level and then continue growing towards the resistance at the 4/8 one.
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 moving upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD has failed to break the 1/8 level and may resume growing towards the resistance at the 3/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
