EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD may break the 3/8 level and then continue growing towards the resistance at the 4/8 one.
In the H1 chart, the pair may continue moving downwards to reach the support at the 5/8 level.
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 to the upside.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD may break the 8/8 level and then continue falling towards the support at the 5/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
RoboForex Analytical Department