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Murrey Math Lines 15.03.2019 (EURUSD, GBPUSD)

15.03.2019

EURUSD, “Euro vs. US Dollar”

In the H4 chart, the pair is expected to break the 3/8 level and continue growing to reach the resistance at the 5/8 one.

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

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

EURUSD_2
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.

EURUSD_3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is consolidating. In this case, the price is expected to continue falling towards the support at the 3/8 level.

GBPUSD_1
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 close to the 5/8 level. In the future, the price may break the 5/8 level and continue its decline to reach the support at the 3/8 one.

GBPUSD_2
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.

GBPUSD_3
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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