RoboForex - Analytics

RoboForex

863.75 5.25/10
93% of positive reviews
Real
How to join the service?

Murrey Math Lines 25.12.2023 (EURUSD, GBPUSD)

EURUSD, “Euro vs US Dollar”

EURUSD quotes are in the overbought area on H4. The RSI has rebounded from the resistance line. In this situation, a test of 0/8 (1.0986) is expected, followed by a breakout of this level and a decline to the support at 6/8 (1.0864). The scenario could be cancelled by rising above the resistance at 1/8 (1.1047). In this case, the pair could rise to the 2/8 (1.1108) level.

Murrey Math Lines 25.12.2023 EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the price decline might additionally be supported by a breakout of the lower boundary of the VoltyChannel.

Murrey Math Lines 25.12.2023 EURUSD
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 the GBPUSD chat, the situation is similar. On H4, the quotes are in the overbought area, and the RSI has rebounded from the resistance line. In this situation, a downward breakout of 0/8 (1.2695) is expected, followed by a decline to the support at 6/8 (1.2573). The scenario could be cancelled by rising above the resistance at 1/8 (1.2756), in which case the pair might rise to 2/8 (1.2817).

Murrey Math Lines 25.12.2023 GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakout of the lower boundary of the VoltyChannel could increase the probability of the price decline.

Murrey Math Lines 25.12.2023 GBPUSD
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.


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree