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06/18/2018 07:28:47 GMT

Murrey Math Lines: EURUSD, GBPUSD

RoboForex Team RoboForex

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is trading inside the “oversold zone”. Last Friday, the price broke the -1/8 level, but after today’s trading session opening it moved back and right now is still trading below this level. In this case, the instrument is expected to try to break the -1/8 level once again and then continue growing towards the 0/8 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 upside line of the VoltyChannel indicator and, as a result, continue growing to reach 1.1718.

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”

In the H4 chart, GBPUSD is expected to fall towards the support at the 0/8 level.

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 rebound from the 3/8 level and then resume falling towards the 0/8 one.

GBPUSD

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

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 falling.

GBPUSD

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

Author

RoboForex Team

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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