Murrey Math Lines: EURUSD, GBPUSD
EURUSD, "Euro vs. US Dollar"
In the H4 chart, EURUSD may break the 3/8 level and then continue growing towards the resistance at the 5/8 one.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
As we can see in the H1 chart, the pair has rebounded from the 5/8 level and may resume growing towards the resistance at the 8/8 one.
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 moving upwards.
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 still trading close to the 5/8 level. In this case, the price may resume continue falling towards the support at the 3/8 one.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
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 downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
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.