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Murray Math Lines 12.09.2022 (EURUSD, GBPUSD)

12.09.2022

EURUSD, “Euro vs US Dollar”

On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. A breakaway of 5/8 downwards is expected, followed by falling to the support level of 3/8. The scenario can be cancelled by rising over the resistance level of 6/8, which might lead to a trend reversal and growth to 7/8.

EURUSDH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, falling can be additionally supported by a breakaway of the lower border of VoltyChannel.

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 quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. A downward breakaway of the support level of 3/8 should be expected, followed by further falling to 2/8. The scenario can be cancelled by an upward breakaway of the resistance level of 4/8. If it happens, the pair might rise to 5/8.

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

On M15, a breakaway of the VoltyChannel lower border will increase the probability of further price falling.

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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