Article By RoboForex.com
EUR/USD
The H4 EUR/USD shows the price is moving close to the 8/8 resistance level (1.1718). A rebound from the 8/8 level and further downward move towards 3/8 level (1.1535) is expected.
The Murray lines are completely matched on the H1-chart, and this confirms the scenario on the H4-chart.
After the price reached the 1.1718 level, it is expected that the lower edge of the VoltyChanel indicator will be broken through, and this can trigger a downward move to 1.1535.
AUD/USD
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The AUD/USD pair keeps moving within the selling area near +1/8 (0.7934), and a move towards 3/8 level (0.7446) is expected.
To move lower towards 0.7446 on the H1-chart, the price needs to break through the 5/8 level (0.7873). If the price breaks through the 6/8 level and holds above it, the pair can move higher to reach 8/8 level (0.8056).
Article By RoboForex.com
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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.
