EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD may break the support at the 1/8 level and then continue falling towards the 0/8 one.
In the H1 chart, the pair is consolidating. The price may break the 3/8 level and continue falling to reach the support at the 0/8 one.
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, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD may break the 2/8 level and then continue falling towards the support at the 0/8 one.
In the H1 chart, the pair is consolidating. Later, the price may break the 4/8 level and then continue moving downwards to reach the support at the 0/8 one.
As we can see in the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 1.3793.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.