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Murrey Math Lines 14.09.2020 (EURUSD, GBPUSD)

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is moving at 6/8. In this case, the price is expected to break this level and continue falling towards the support at 4/8. However, this scenario may no longer be valid if the price breaks 7/8 to the upside. After that, the instrument may continue growing to reach the closest resistance at 8/8.

Murrey Math Lines 14.09.2020  EURUSD_H4
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 14.09.2020  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”

In the H4 chart, GBPUSD continues falling; right now, it is breaking 1/8. In this case, the price is expected to continue trading downwards to reach 0/8, rebound from it, and then start a new correction towards the resistance at 2/8. 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 14.09.2020  GBPUSD_H4
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 moving downwards to reach 0/8 from the H4 chart.

Murrey Math Lines 14.09.2020  GBPUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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