Murrey Math Lines: EUR/USD, GBP/USD
EURUSD, "Euro vs. US Dollar"
In the H4 chart, EURUSD is trading below the 3/8 level. In this case, the price may break the 2/8 level and then continue falling towards the support at the 0/8 one.
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 continue falling to reach the support at the 0/8 one.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
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 rebounded from the support at the 0/8 level yesterday. In this case, the price may resume growing towards the resistance at the 3/8 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 3/8 level and continue moving upwards to reach the resistance at the 5/8 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
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.