Murrey Math Lines: EURUSD, GBPUSD
|EURUSD, "Euro vs. US Dollar"
As we can see in the H4 chart, EURUSD is trading above the 5/8 level. In this case, the price is expected to continue growing towards the resistance at the 8/8 level.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
In the H1 chart, the pair may break the 5/8 level and then continue trading to reach the resistance at the 8/8 one.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
GBPUSD, "Great Britain Pound vs US Dollar"
As we can see in the H4 chart, GBPUSD is trading inside the "overbought zone". In this case, the price is expected to break the 8/8 level and continue falling towards the support at the 7/8 level.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
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