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Murrey Math Lines 30.11.2020 (EURUSD, GBPUSD)

EURUSD, “Euro vs. US Dollar”

On H4, the quotations are trading above the 200-days Moving Average, indicating an uptrend. The level of 4/8 has been broken, which again promises growth to the resistance level of 5/8. This scenario might be canceled by a breakaway of the support level on 4/8 top-down, which might end up in a correction to 3/8.

Murrey Math Lines 30.11.2020 EURUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the upper line of the VoltyChannel indicator has been broken, increasing the chances for growth to 5/8 on H4.

Murrey Math Lines 30.11.2020 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”

On H4, the quotations are also trading above the 200-days Moving Average, supporting an uptrend. We are expecting the level of 7/8 to be broken away and the price to proceed to the resistance level of 8/8. The scenario might be canceled by a breakaway of 6/8, which will signal a possible decline to the support on 4/8.

Murrey Math Lines 30.11.2020 GBPUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, growth might be supported by a breakaway of the upper border of VoltyChannel.

Murrey Math Lines 30.11.2020 GBPUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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