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Murrey Math Lines 05.01.2018 (EUR/USD, GBP/USD)

05.01.2018

At the H4 chart, the EUR/USD pair is expected to break the 6/8 level and then continue growing towards the resistance at the 8/8 one.

EURUSD1

At the H1 chart, the scenario is different. Here, the price is trading close to the resistance at the 8/8 level. In case the pair breaks the 7/8 level, the instrument may continue falling towards the support at the 5/8 one.

EURUSD2

As we can see at the M15 chart, the pair is trading above the upside line of the VoltyChannel indicator, which means that it may continue growing towards 1.2207.

EURUSD3

GBP USD, “Great Britain Pound vs US Dollar”

At the H4 chart, the GBP/USD pair rebounded from the 5/8 level yesterday and right now is trying to continue its growth. The price is expected to continue moving upwards to reach the resistance at the 8/8 one.

GBPUSD1

The lines at the H4 and H1 charts are completely the same and confirm the scenario described above.

GBPUSD2

As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue growing towards 1.3671.

GBPUSD3

 

RoboForex Analytical Department

 

Attention!

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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