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Murrey Level Analysis for EUR/USD and GBP/USD: 24.09.2018

24.09.2018

EUR/USD

On H4, the EUR/USD is overbought. Now, once 8/8 gets broken out, the price may fall further to reach the expect at 7/8.

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

On H1, the pair may start rising once 5/8 gets broken out, the target being the resistance at 8/8.

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 has left the overbought area and broken out 8/8, which signals a likely price fall to 5/8.

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, thus confirming the H4 analysis.

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

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

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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