EUR/USD, “Euro vs. US Dollar”

In the H4 chart, EUR/USD rebounded from the support at 0/8 last Friday. In this case, the price is expected to resume continue trading upwards to reach the resistance at 3/8. However, this scenario may no longer be valid if the price breaks 0/8 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”

As we can see in the H4 chart, GBP/USD is still moving between 5/8 and 6/8. In this case, the price is expected to break 6/8 and then 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 is expected to continue falling towards the support at 3/8.

GBPUSD

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.

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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