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Murrey Math Lines 10.12.2018 (EURUSD, GBPUSD)

10.12.2018

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD may break the 3/8 level and then continue falling towards the support at the 1/8 one.

EURUSD1
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 pair is trading inside the “overbought zone”. In this case, the price may break the 8/8 level and continue falling to reach the closest target, which is 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

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD has rebounded from the support at the 0/8 level once again. In the future, the price may resume growing towards the resistance at the 3/8 level.

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

In the H1 chart, the pair may break the 2/8 level and continue moving upwards to reach the resistance at the 6/8 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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