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Murrey Math Lines 10.06.2019 (EURUSD, GBPUSD)

10 june 2019 - Fx4News

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is trading above the 5/8 level. In this case, the pair is expected to test the 6/8 level, rebound from it, and then start a new growth to reach the resistance at the 8/8 one. However, this scenario may no longer be valid if the price breaks the 6/8 level. In this case, the instrument may resume moving downwards to reach the support at the 4/8 level.

EURUSD_H4_Анализ уровней Мюррея
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 downwards. However, if the price breaks the downside one, the instrument may start a new correction.

EURUSD_H15_Анализ уровней Мюррея
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 has broken the 0/8 level and is no longer trading inside the “oversold area”. In this case, the pair is expected to grow towards the resistance at the 2/8 level. However, this scenario may be cancelled if the price breaks the 0/8 level. In this case, the instrument may resume falling to reach the support at the -1/8 one.

GBPUSD_H4_Анализ уровней Мюррея
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 trading upwards to reach the resistance at the 8/8 one.

GBPUSD_H1_Анализ уровней Мюррея
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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