EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is trading close to the 3/8 level. In this case, the price may resume trading both upwards and downwards. If the pair breaks the resistance at 1.1664, the instrument may grow towards the 4/8 level. In case of breaking the support at 1.1650, the market may resume falling to reach 1.1535.
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. However, if the price breaks the upside line, the tendency may change. In this case, the instrument is expected to grow towards the resistance at 1.1718.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD failed to break the 3/8 level last Friday. In this case, the price is expected to resume falling towards the support at the 1/8 level.
In the H1 chart, the price may continue falling towards the support at the 5/8 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.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.