Murrey Math Lines: EUR/USD, GBP/USD

EURUSD, "Euro vs. US Dollar"

As we can see in the H4 chart, EURUSD failed to fix above the 5/8 level yesterday and may resume falling towards the support at the 3/8 one.

EURUSD

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 again and, as a result, continue moving downwards.

EURUSD

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 fall towards the support at the 6/8 one.

GBPUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair is also trading inside the overbought zone". If later the instrument breaks the 8/8 level, the price may continue falling towards the support at the 5/8 one.

GBPUSD

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.

GBPUSD 

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.