Murrey Level Analysis: EUR/USD, GBP/USD
|EUR/USD
On H4, the EUR/USD is trading within a consolidation range between 3/8 and 5/8, while we can expect the price to rise to the resistance at 5/8.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
Once 3/8 gets broken out on H1, the price may rise further to reach the resistance at 5/8.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
On M15, the upper VoltyChannel line has been broken out, which signals a likely price rise.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
GBP/USD
On H4, we can expect GBP/USD to test 0/8, which may then lead to a bounce and a rise to 3/8.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
H1 charts show the same Murrey levels as H4, which confirms the possible test at 0/8 and the rise to 3/8.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
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