Murrey Math Lines: EURUSD, GBPUSD

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling towards the support at the 7/8 one.

EURUSD

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

In the H1 chart, the pair may rebound from the resistance at the 8/8 level and resume falling towards the support at the 5/8 one.

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 grow towards the resistance at the 8/8 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 7/8 level and then continue trading upwards to reach the resistance at the 8/8 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 upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.

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.