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Murrey Math Lines 26.04.2019 (EURUSD, GBPUSD)

26.04.2019

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is trading inside the “oversold zone”. In this case, the price may break the -1/8 level and continue its growth to reach the resistance at the 0/8 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 test the 0/8 level, rebound from it, and then move upwards to reach the resistance at the 3/8 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”

In the H4 chart, GBPUSD is trading inside the “oversold zone”. In this case, the price is expected to break the 0/8 level and continue trading to reach the resistance at the 1/8 level.

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

However, as we can see in the H1 chart, the pair is no longer consolidating; right now, it is trading below the 3/8 level. In the future, the price may continue moving downwards to reach the support at the 0/8 level.

GBPUSD2
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 trading 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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