Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. A breakaway of 5/8 downwards is expected, followed by falling to the support level of 3/8. The scenario can be cancelled by rising over the resistance level of 6/8, which might lead to a trend reversal and growth to 7/8.
On M15, falling can be additionally supported by a breakaway of the lower border of VoltyChannel.
Free Reports:
GBPUSD, “Great Britain Pound vs US Dollar”
On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. A downward breakaway of the support level of 3/8 should be expected, followed by further falling to 2/8. The scenario can be cancelled by an upward breakaway of the resistance level of 4/8. If it happens, the pair might rise to 5/8.
On M15, a breakaway of the VoltyChannel lower border will increase the probability of further price falling.
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.
By Analytical Department RoboForex Gold (XAU/USD) fell to 4,174 USD per troy ounce on Wednesday,…
By JustMarkets By the end of the day, the Dow Jones Index (US30) rose by…
By Neha Gour, George Mason University; Ed Maibach, George Mason University, and Luis Ortiz, George…
By JustMarkets On Monday, the US stock indices showed mixed dynamics, with the technology sector…
By Analytical Department RoboForex GBP/USD attempted to move closer to 1.3350 on Tuesday but remained…
By ForexTime SpaceX IPO scheduled for Friday 12th June $75 billion capital raise forecast –…
This website uses cookies.