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Murrey Math Lines 06.07.2018 (EURUSD, GBPUSD)

06.07.2018

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is expected to break the 4/8 level and then continue growing towards the resistance at the 5/8 one.

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

In the H1 chart, the pair may break the resistance at the 8/8 level and then continue trading towards the 5/8 one.

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”

As we can see in the H4 chart, GBPUSD is consolidating between the 3/8 and 5/8 levels. In the future, the price is expected to test the resistance at the 5/8 one.

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

In the H1 chart, the pair may continue trading towards the resistance at the 8/8 level.

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

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

GBPUSD3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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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