Murrey math lines: EUR/USD, GBP/USD

RoboForex Team RoboForex

EUR/USD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is still trading below 1/8. In this case, the pair may break 0/8 and then continue falling towards the support at -1/8. However, this scenario may no longer be valid if the price breaks 1/8 to the upside. After that, the instrument may continue growing to reach the resistance at 2/8.

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 the descending tendency.

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

In the H4 chart, GBPUSD is moving below 3/8. The main scenario implies that the pair is expected to break 2/8 and then continue falling towards 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 to reach 4/8.

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 trading downwards to reach 1/8 from the H4 chart.

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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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