Murrey Math Lines 11.01.2019 (EURUSD, GBPUSD)

2019-01-11 16:01    RoboForex

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD failed to fix above the 5/8 level yesterday and may resume falling towards the support at the 3/8 one.

Murrey Math Lines 11.01.2019 (EURUSD, GBPUSD) Institution Opinions 1
Murrey Math Lines 11.01.2019 (EURUSD, GBPUSD) Institution Opinions 2

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

Murrey Math Lines 11.01.2019 (EURUSD, GBPUSD) Institution Opinions 3
Murrey Math Lines 11.01.2019 (EURUSD, GBPUSD) Institution Opinions 4

GBPUSD, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is trading inside the “overbought zone”. In this case, the price is expected to break the 8/8 level and fall towards the support at the 6/8 one.

Murrey Math Lines 11.01.2019 (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 pair is also trading inside the overbought zone“. If later the instrument breaks the 8/8 level, the price may continue falling towards the support at the 5/8 one.

GBPUSD2
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.

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

EURGBP

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