EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, the rising tendency has stopped at 7/8. In this case, the price may complete the tendency and then start a new decline towards the support at 4/8. However, this scenario may no longer be valid if the price breaks 6/8 to the upside. After that, the instrument may continue growing and test the resistance at 7/8 again.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may resume moving 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 resume growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument is expected to continue falling towards the support at 3/8.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards to reach 7/8 from the H4 chart.
