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Murrey Math Lines 21.06.2021 (EURUSD, GBPUSD)

EURUSD, “Euro vs US Dollar”

In the H4 chart, EURUSD is trading below the 200-day Moving Average, thus indicating a descending tendency. In this case, the price is expected to break 2/8 and continue falling to reach the support at 0/8. Still, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may correct towards the resistance at 4/8.

Murrey Math Lines 21.06.2021  EURUSD_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, continue its decline.

Murrey Math Lines 21.06.2021 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 of GBPUSD, the pair also is trading below the 200-day Moving Average to indicate a descending tendency. In this case, the asset is expected to break 2/8 and then continue trading within the downtrend towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 3/8 to the upside. After that, the instrument may correct upwards to reach 4/8.

Murrey Math Lines 21.06.2021 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, continue falling.

Murrey Math Lines 21.06.2021 GBPUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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