Murrey Math Lines: EUR/USD, GBP/USD

EURUSD, "Euro vs. US Dollar"

In the H4 chart, EURUSD rebounded from the 3/8 level last Friday. In this case, the price is expected to resume falling to reach the support at the 1/8 level.

EURUSD

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.

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 and, as a result, continue trading 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 still trading below the 3/8 level and may continue falling towards the support at the 0/8 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 may break the 5/8 level and move downwards to reach the support at the 0/8 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.