Murrey Math Lines: EURUSD, GBPUSD

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to break the 3/8 level and then continue falling towards the support at the 0/8 one.

EURUSD

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

In the H1 chart, the price is trading below the 3/8 level and may continue moving downwards to reach the support at the 0/8 one.

EURUSD

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 moving 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 consolidating between the 3/8 and 5/8 levels. Right now, the price is expected to resume falling towards the support at the 3/8 level.

GBPUSD

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

In the H1 chart, the price may break the 0/8 level and then continue growing towards the resistance at the 3/8 one.

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.