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Murrey Math Lines 26.01.2018 (EUR/USD, GBP/USD)

26.01.2018

EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair is expected to test the support at the 5/8 levels, rebound from it, and then resume growing towards the 7/8 one.

EURUSD1

At the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks from the 4/8 level, the instrument may continue falling to reach the 2/8 one.

EURUSD2

 

GBP USD, “Great Britain Pound vs US Dollar”

As we can see at the H4 chart, the GBP/USD pair may break the 2/8 level and then continue falling with the target at the 1/8 one.

GBPUSD1

At the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the 4/8 level, it may continue falling towards the 3/8 one. If later this level is broken as well, the instrument may move downwards to reach the 2/8 one.

GBPUSD2

As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling.

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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