EUR/USD, “Euro vs US Dollar”
EURUSD quotes are on the 200-day Moving Average on H4, revealing a lack of any trend. The RSI is testing the support line. As a result, in this situation, the quotes are expected to rise above 3/8 (1.0833), later reaching the resistance at 5/8 (1.0894). The scenario could be cancelled by a downward breakout of the support at 2/8 (1.0803), in which case the pair might drop to the 0/8 (1.0742) level.
On M15, a breakout of the upper boundary of the VoltyChannel could increase the probability of the price increase.
GBP/USD, “Great Britain Pound vs US Dollar”
GBPUSD quotes have rebounded from the resistance level of 8/8 (1.2695) on H4. The RSI has broken the support line. In this situation, a breakout of 7/8 (1.2634) is expected, followed by a price drop to the support at 6/8 (1.2573). The scenario could be cancelled by rising above 8/8 (1.2695). In this case, the quotes might grow to the resistance at +1/8 (1.2756).
On M15, the price decline could be additionally supported by a breakout of the lower boundary of the VoltyChannel.
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