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Murrey Math Lines 22.12.2017 (EUR/USD, GBP/USD)

22.12.2017

EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair is trading close to the 6/8 level. The price is expected to continue growing towards the resistance at the 8/8 one. 

EURUSD1

As we can see at the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. If the price beaks the 5/8 level, the instrument may continue moving upwards to reach the resistance at the 8/8 one.

EURUSD2

 

GBP USD, “Great Britain Pound vs US Dollar”

At the H4 chart, the GBP/USD pair is expected to break 7/8 level and continue falling towards the 5/8 one.

GBPUSD1

As we can see at the H1 chart, here the pair may continue falling after breaking the 6/8 level. The main target is at the 2/8 level.

GBPUSD2

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 1.3244.

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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