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Murrey Math Lines 07.09.2017 (EUR/USD, USD/CAD)

EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair is still expected to grow towards the 3/8 level at 1.2085.

As we can see at the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. at the moment, the price is expected to grow towards 1.2085. However, this scenario may be cancelled if the pair breaks the 3/8 level at 1.1901. In this case, the instrument may fall to reach the 0/8 level at 1.1718.

 

USD CAD, “US Dollar vs Canadian Dollar”

As we can see at the H4 chart, the USD/CAD pair is trading close to the support at the 0/8 level at 1.2207. Later, the price is expected to rebound from this level and resume growing to reach the 3/8 one at 1.2390.

At the H1 chart, the pair is also trading near the support at the 0/8 level at 1.2207 and confirms the H4 chart scenario.

At the M15 chart, the price may break the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards to reach 1.2390.

 

RoboForex Analytical Department

 



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