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Murrey Math Lines 07.09.2020 (EURUSD, GBPUSD)

07.09.2020

EURUSD, “Euro vs. US Dollar”

On H4, the quotations have broken through 5/8 and are trading in a consolidation range. Further falling to 4/8 is expected. The scenario may be canceled if the quotations break 5/8 upwards, proceeding to the nearest resistance at 6/8.

EURUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the lower border of VoltyChannel confirms probable falling once again.

EURUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

On H4, the quotations are also trading in a consolidation range. A breakaway of 4/8 and further falling to 3/8 are expected. Such a scenario may no longer be valid if 5/8 is broken away, which may lead the price to the resistance at 6/8.

GBPUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the lower border of VoltyChannel is broken away. This confirms the probability of falling to 3/8 on H4.

GBPUSD_M15
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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