Murrey Math Lines 07.12.2018 (EURUSD, GBPUSD)

07.12.2018

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is trading below the 3/8 level. In this case, the price may break the 2/8 level and then continue falling towards the support at the 0/8 one.

EURUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair may break the 5/8 level and continue falling to reach the support at the 0/8 one.

EURUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

EURUSD3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD rebounded from the support at the 0/8 level yesterday. In this case, the price may resume growing towards the resistance at the 3/8 level.

GBPUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the pair may break the 3/8 level and continue moving upwards to reach the resistance at the 5/8 one.

GBPUSD2
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 upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.

GBPUSD3
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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