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Murrey Level Analysis for EUR/USD and GBP/USD: July 23, 2018

23.07.2018

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

On H1, the pair may start falling once 1/8 gets broken out. The target of such a fall may be located at the support of 5/8.

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

GBP/USD

On H4, the GBP/USD broke out the 3/8 level and entered the consolidation range. Moving forward, we can expect the price to rise to the resistance at 5/8.

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

On H1, the price may start falling once there's a pullback from 8/8. The target of this fall may lie at 5/8.

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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