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Murrey Math Lines 06.08.2018 (EURUSD, GBPUSD)

06.08.2018

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is expected to test the 5/8 level, rebound from it, and then resume growing towards the resistance at the 8/8 one.

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

In the H1 chart, the price is trading below the 3/8 level and may continue falling towards the support at the 0/8 one. If the price breaks the 3/8 level, the above-mentioned scenario will be cancelled.

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 may continue falling towards the support at the 0/8 level.

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

In the H1 chart, the price is trading below the 3/8 level and may continue falling towards the support at the 0/8 one.

GBPUSD2
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.

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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