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Murrey Level Analysis for EUR/USD and GBP/USD: July 20, 2018

20.07.2018

EUR/USD

On H4, the EUR/USD is trading within a consolidation range between 3/8 and 5/8, while we can expect the price to rise to the resistance at 5/8.

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

Once 3/8 gets broken out on H1, the price may rise further to reach the resistance 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, we can expect GBP/USD to test 0/8, which may then lead to a bounce and a rise to 3/8.

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

H1 charts show the same Murrey levels as H4, which confirms the possible test at 0/8 and the rise to 3/8.

GBPUSD2
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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