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Murrey Level Analysis for EUR/USD and GBP/USD: July 16, 2018

16.07.2018

EUR/USD

On H4, the EUR/USD is back to a consolidation range, while we can expect the price to rise to the 5/8 resistance.

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

On H1, the price has broken out the 3/8 level, which may be followed with the further rise till the first target at 5/8.

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

On M15, the upper VoltyChannel line has been broken out, which signals a likely price rise.

EURUSD3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBP/USD

On H4, the GBP/USD is trading within a consolidation range between 3/8 and 5/8. Once 5/8 gets broken out, the price may rise further to reach the resistance at 8/8.

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

On H1, 1/8 breakout may lead to further growth till the resistance at 3/8.

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

On M15, the upper VoltyChannel line has been broken out, which signals a likely price rise.

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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