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Murrey Math Lines 13.04.2018 (EURUSD, GBPUSD)

13.04.2018

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is consolidating at the 4/8 level. If the price breaks this level to the upside, it may grow to reach the 5/8 one. Otherwise, the instrument may continue falling towards the support at the 0/8 level.

EURUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards to reach 1.2207.

EURUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is expected to test the resistance at the 2/8 level, rebound from it, and then resume falling towards the 8/8 one.

GBPUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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

GBPUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

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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