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Murrey Math Lines 24.11.2017 (EUR/USD, GBP/USD)


EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair is expected to continue growing to reach the 8/8 level (1.1962).


At the H1 chart, the price may be corrected towards the 7/8 level (1.1810) and then resume moving upwards to reach the main target at 1.1962.


As we can see at the M15 chart, the pair broke the upside line of the VoltyChannel indicator two days ago and has been moving upwards ever since.



GBP USD, “Great Britain Pound vs US Dollar”

As we can see at the H4 chart, the GBP/USD pair has broken the consolidation range and right now is expected to start a new correction towards the 5/8 level (1.3244). After that, the price may resume growing to reach the resistance at the 8/8 level (1.3427).


At the H1 chart, yesterday the pair attempted to fix above the 2/8 level and continue growing towards the 3/8 one, but failed. In this case, the price may start a new correction to reach the 1/8 level (1.3244). If later the instrument rebounds from this level, it may continue growing with the target at the 4/8 one (1.3427).


At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading towards 1.3244.



RoboForex Analytical Department



Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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