Murrey Math Lines 10.04.2023 (EURUSD, GBPUSD)

10 апреля 2023 - Fx4News

EURUSD, “Euro vs US Dollar”

On H4, the quotes have rebounded from 8/8 (1.0986), which indicates the development of a correctional decline in the price. The RSI has broken the support line. In these circumstances, a test of 6/8 (1.0864) is expected, after which the price could break it and fall to the support at 5/8 (1.0803). The scenario can be canceled by rising above the resistance at 7/8 (1.0925). In this case, the pair could return to 8/8 (1.0986).

EURUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, the lower line of the VoltyChannel indicator is broken. This increases the probability of further falling.

EURUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

On H4, the quotes are above the 200-day Moving Average, which indicates the prevalence of an uptrend. The RSI is nearing the support line. In this situation, the price is expected to rise above 6/8 (1.2451) and reach the resistance at 7/8 (1.2573). The scenario can be canceled by a downwards breakout of 5/8 (1.2329). In this case, the pair may drop to the support at 4/8 (1.2207).

GBPUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, an additional signal confirming the price growth will be a breakout of the upper line of VoltyChannel.

GBPUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future