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Murrey Math Lines 01.02.2019 (EURUSD, GBPUSD)

01.02.2019

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is consolidating. Later, the price is expected to test the 3/8 level, rebound from it, and then resume growing towards the resistance at the 4/8 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 is no longer trading inside the “overbought zone” and may continue falling towards the support at the 5/8 level.

EURUSD2
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 downside line of the VoltyChannel indicator and, as a result, may continue moving 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”

As we can see in the H4 chart, GBPUSD has rebounded from the 8/8 level and may resume 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 M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.

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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