EURUSD, “Euro vs US Dollar”
On H4, the quotes are above the 200-day Moving Average, which indicates prevalence of an uptrend. The RSI has bounced off the support line. As a result, a test of 7/8 (1.0925) should be expected, followed by a breakaway and growth to the resistance level of 8/8 (1.0986). The scenario can be cancelled by a downward breakaway of the support level of 6/8 (1.0864). In this case, the pair may fall to 4/8 (1.0742).
On M15, an additional signal of growth will be a breakaway of the upper border of VoltyChannel.
GBPUSD, “Great Britain Pound vs US Dollar”
On H4, the quotes are also above the 200-day Moving Average, being in an uptrend, and the RSI has bounced off the support line. The quotes are now expected to rise above 6/8 (1.2451) and grow to the resistance level of 7/8 (1.2573). The scenario can be cancelled by a downward breakaway of the support level of 5/8 (1.2329). This may bring the price down to 4/8 (1.2207).
On M15, a breakaway of the upper line of VoltyChannel will increase the probability of further price growth.
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.