EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD couldn’t break the 3/8 level last Friday and right now is trading below it. In this case, the price may continue falling towards the support at the 0/8 level.
In the H1 chart, the pair may break the 3/8 level and continue falling to reach the support at the 0/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is trading below the 3/8 level and may continue falling towards the support at the 0/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
