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Murrey Math Lines 28.12.2018 (EURUSD, GBPUSD)

28.12.2018

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is expected to grow into the “overbought zone” towards the 1/8 level.

EURUSD1
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 upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.

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 is still trading inside the “oversold zone”. In this case, the price may break the 0/8 level and then continue growing towards the resistance at the 1/8 one.

GBPUSD1
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.

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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