Murrey Math Lines: EUR/USD, GBP/USD

RoboForex Team RoboForex

EURUSD, "Euro vs. US Dollar"

In the H4 chart, EURUSD is expected to continue growing to reach the resistance at the 3/8 level.

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

However, in the H1 chart the scenario may be a bit different. Right now, the pair is trading near the "overbought zone". If the price rebounds from the resistance at the 8/8 level, the instrument may resume falling towards the support at the 3/8 one.

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 below the 3/8 level and may 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 3/8 level and move downwards 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

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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