EUR/USD, “Euro vs. US Dollar”

In the H4 chart, EUR/USD is still consolidating at 5/8. In this case, the price is expected to break this level and then continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 4/8 to the downside. After that, the instrument may continue falling towards the support at 2/8.

EURUSD

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

EURUSD

 

GBP/USD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBP/USD is trading above 5/8. In this case, the pair is expected to continue growing to reach the resistance at 7/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument may continue falling towards the support at 3/8.

GBPUSD

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue trading upwards to reach 7/8 from the H4 chart.

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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