Murrey Math Lines 23.02.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD may break the 5/8 level and then continue falling towards the 3/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
In the H1 chart, EURUSD may break the 1/8 level and then continue falling inside the “oversold zone” below the support at the 0/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
As we can see in the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
Risk Warning: the results 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 is expected to test the support at the 2/8 level, rebound from it, and then resume growing towards the 3/8 one. However, if the 2/8 level is broken, the instrument may continue falling to reach the 1/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
In the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to rebound from the 4/8 level and continue growing to reach the target at the 6/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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.