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Murrey Math Lines 24.06.2019 (EURUSD, GBPUSD)

24.06.2019

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the levels have been redrawn. Although the current distance between them is bigger, EURUSD is still trading above 5/8. In this case, the price is expected to continue growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8. After that, the instrument may resume moving downwards to reach the support at 3/8.

EURUSD_H4_Анализ уровней Мюррея
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 trading upwards.

EURUSD_M15_Анализ уровней Мюррея
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, bears are getting weaker and their attempted to continue the downtrend have failed. As a result, GBPUSD is no longer trading inside the “oversold area”. In this case, the pair may continue growing to reach the resistance at 2/8. However, this scenario may no longer be valid if the price breaks 0/8. After that, the instrument may resume moving downwards to reach the support at -1/8.

GBPUSD_H4_Анализ уровней Мюррея
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 trading upwards. However, if the price breaks the downside line, the trend may reverse.

GBPUSD_M15_Анализ уровней Мюррея
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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