EURUSD, “Euro vs. US Dollar”
On H4, the quotations have broken the level of 5/8 and are now trading above the consolidation range. We expect further growth to the resistance at 7/8. This scenario will be canceled if the quotations break 5/8 away top-down, which will mean another decline to the support level of 4/8.
On M15, the quotations have broken away the upper line of the VoltyChannel indicator, which augments the probability of further growth.
GBPUSD, “Great Britain Pound vs US Dollar”
On H4, the quotations are also trading above the consolidation range. We are considering further growth to 7/8. This scenario may only become invalid if 5/8 is broken away downwards, which may bring the quotations to the support at 4/8.
On M15, the lower border of the VoltyChannel indicator is broken away, which confirms the probability of growth to 7/8 from H4.
