EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has formed Double Top reversal pattern, which may indicate a possible decline. To confirm this scenario, the pair must break 5/8. In this case, the target will be at 3/8. However, this scenario may no longer be valid if the price breaks 6/8. After that, the instrument may continue moving upwards to reach the resistance at 8/8.
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.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, bulls haven’t been able to reach 2/8. In this case, the pair is expected to resume falling towards the -1/8. However, this scenario may be cancelled if the price breaks 0/8. In this case, the instrument may resume growing to reach the resistance at 2/8.
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 moving downwards.
Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.