Murrey Math Lines 10.08.2018 (EURUSD, GBPUSD)

2018-08-10 16:01    RoboForex

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to fall towards the support at the downside border of the range, rebound from it, and then resume growing towards the resistance at the upside one.

Murrey Math Lines 10.08.2018 (EURUSD, GBPUSD) Institution Opinions 1
Murrey Math Lines 10.08.2018 (EURUSD, GBPUSD) Institution Opinions 2

As we can see in the H1 chart, the price is trading inside the “oversold zone”. Later, the instrument may continue growing towards the 3/8 level.

Murrey Math Lines 10.08.2018 (EURUSD, GBPUSD) Institution Opinions 3
Murrey Math Lines 10.08.2018 (EURUSD, GBPUSD) Institution Opinions 4

 

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD may continue falling towards the support at the 0/8 level.

Murrey Math Lines 10.08.2018 (EURUSD, GBPUSD) Institution Opinions 5
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the price is trading below the 3/8 level and may continue falling towards the support at the 0/8 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 downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.

GBPUSD3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

EURGBP

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