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Murrey Math Lines 28.01.2019 (EURUSD, GBPUSD)

28.01.2019

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is expected to rebound from the 3/8 level and resume falling towards the support at the 2/8 one.

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

In the H1 chart, the pair may break the 6/8 level and continue falling towards the support at the 4/8 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 is trading inside the “overbought zone”. In this case, the price is expected to break the 8/8 level and continue falling towards the support at the 6/8 one.

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

In the H1 chart, the pair is also trading inside the “overbought zone” and may start a new decline to reach the target at the 5/8 level.

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 downside line of the VoltyChannel indicator and, as a result, 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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