EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has rebounded from the support at 0/8. In this case, the price is expected to continue trading upwards to reach 3/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument is expected to continue falling to reach the support at -1/8.
In the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards to reach 3/8 from the H4 chart
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, the pair is trading below 3/8. In this case, GBPUSD is expected to test this level, rebound from it, and then resume falling towards the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8 and fixes above it. After that, the instrument is expected to continue growing to reach the resistance at 5/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards to reach 0/8 from the H4 chart.
