EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is consolidating. In this case, the price may break 4/8 and then continue trading downwards to reach the support at 2/8. However, this scenario may no longer be valid if the price breaks 5/8 to the upside. After that, the instrument may start a new growth towards the resistance at 7/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, the pair is moving close to 3/8. In this case, GBPUSD is expected to break this level and then continue falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 4/8 and fixes above it. After that, the instrument is expected to continue growing to reach the resistance at 6/8.
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.
