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Murrey Math Lines 28.06.2019 (EURUSD, GBPUSD)

28.06.2019

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is still trading above 6/8. 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 6/8. After that, the instrument may resume moving downwards to reach the support at 4/8.

EURUSD_H4_Анализ уровней Мюррея
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair is moving between the lines of the VoltyChannel indicator, which means that the current situation is quite uncertain. If the price breaks the upside line, the instrument may continue trading upwards; otherwise – downwards.

EURUSD_H1_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”

As we can see in the H4 chart, GBPUSD is trading inside the “oversold area” again. In this case, the pair may continue falling to reach the support at -1/8. However, this scenario may no longer be valid if the price breaks 0/8. After that, the instrument may resume moving upwards to reach the resistance at 2/8.

GBPUSD_H4_Анализ уровней Мюррея
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 trading downwards.

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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