Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
As we can see in the H4 chart, after breaking 8/8, EURUSD is no longer moving within the “overbought area”. In this case, the price is expected to test 7/8, break it, and then continue falling to reach the support at 6/8. Still, this scenario may no longer be valid if the price breaks 8/8 to the upside. After that, the instrument may reverse and grow towards the resistance at +1/8.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
Free Reports:
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to break 2/8 and then continue falling to reach the support at 1/8. However, this scenario may no longer be valid if the price breaks the resistance 3/8 to the upside. After that, the instrument may grow towards 4/8.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, continue its decline.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
Source: Stephen McBride (4/27/26) Stephen McBride of RiskHedge shares what he believes is one of…
By JustMarkets On Monday, the US stock market showed mixed dynamics. By the end of…
By Analytical Department RoboForex USD/JPY edged lower on Tuesday, touching 159.26. The Bank of Japan…
By JustMarkets By the end of the day, the Dow Jones Index (US30) fell by…
By Analytical Department RoboForex Gold fell below 4,700 USD per troy ounce on Monday, extending…
By InvestMacro Here are the latest charts and statistics for the Commitment of Traders (COT)…
This website uses cookies.