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Murrey Math Lines 09.09.2019 (EURUSD, GBPUSD)

9 september 2019 - Fx4News

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is trading at 1/8. In this case, the price is expected to break this level and then continue falling to reach the support at 0/8. However, this scenario may no longer be valid if the price breaks 2/8 to the upside. After that, the instrument may continue growing towards the resistance at 5/8.

EURUSD_H4
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, move downwards to reach the support at 0/8 from the H4 chart.

EURUSD_H1
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 is trading above 5/8. In this case, the pair is expected to rebound from this level and then resume growing to reach the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8 and fixes below it. After that, the instrument may continue trading downwards to reach the support at 3/8.

GBPUSD_H4
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 upside line of the VoltyChannel indicator and, as a result, grow to reach 8/8 from the H4 chart.

GBPUSD_H1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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