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.

EURUSD

 

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.

EURUSD

 

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.

GBPUSD

 

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.

GBPUSD

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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