EUR/USD, “Euro vs. US Dollar”

In the H4 chart, EUR/USD is moving below 3/8. In this case, the price is expected to break 2/8 and then continue trading downwards to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside After that, the instrument may continue growing towards the resistance at 5/8.

EURUSD

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 0/8 from the H4 chart.

EURUSD

 

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

As we can see in the H4 chart, GBP/USD is moving below 3/8. In this case, the price is expected to break 2/8 and then continue falling towards the support at 0/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument is expected to continue growing to reach the 5/8.

GBPUSD

In the M15 chart, the pair may break either the downside or upside line of the VoltyChannel indicator and, as a result, may resume trading either downwards or upwards.

GBPUSD

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.

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