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Murrey Math Lines 27.08.2018 (EURUSD, GBPUSD)

27.08.2018

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is trading above the 5/8 level. In this case, the price is expected to continue growing towards 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 may break the resistance at the 8/8 level and then continue trading to reach the support at the 5/8 one.

EURUSD2
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 downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

EURUSD3
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 is expected to continue growing towards the 3/8 level.

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

As we can see in the H1 chart, the price is trading close to the 5/8 level. In this case, the price may break the 6/8 level and then continue growing to reach the resistance at the 8/8 one.

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 trading 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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