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Murrey Math Lines 11.05.2020 (EURUSD, GBPUSD)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD has rebounded from 2/8. In this case, the pair is expected to resume falling towards 0/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may continue growing to reach 3/8.

Murrey Math Lines 11.05.2020 (EURUSD, GBPUSD)
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.

Murrey Math Lines 11.05.2020 (EURUSD, GBPUSD)
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 not far from the downside border of the range at 3/8. The main scenario implies that the pair may rebound from this level and then resume falling towards the support at 2/8. However, this scenario may no longer be valid if the price breaks the resistance at 3/8 to the upside. After that, the instrument may continue growing to reach 4/8.

Murrey Math Lines 11.05.2020 (EURUSD, GBPUSD)
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.

Murrey Math Lines 11.05.2020 (EURUSD, GBPUSD)
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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