EURUSD, “Euro vs. US Dollar”

In the H4 chart, after breaking 5/8, EURUSD is expected to continue falling towards the support at 3/8. However, this scenario may no longer be valid if the price breaks the resistance at 6/8 to the upside. After that, the instrument may continue growing to reach 8/8.

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 trading downwards to reach 3/8 from the H4 chart.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is consolidating below 4/8. The main scenario implies that the pair may break this level to the downside and then continue falling towards the closest support at 3/8. However, this scenario may no longer be valid if the price breaks at 4/8 to the upside. After that, the instrument may continue growing to reach the resistance at 5/8.

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.