Murrey Math Lines: EUR/USD, GBP/USD

RoboForex Team RoboForex

EUR/USD, “Euro vs. US Dollar”

In the H4 chart, EUR/USD is moving below 3/8. In this case, the price is expected to test 3/8, rebound from it, and then resume trading downwards to reach the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

GBP/USD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBP/USD is moving close to the resistance at 8/8. In this case, the price is expected to rebound from 8/8 and then resume falling to reach the support at 6/8. However, this scenario may no longer be valid if the price breaks 8/8. After that, the instrument is expected to continue growing towards the resistance at +2/8.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

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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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