Murrey Math Lines 22.02.2021 (EURUSD, GBPUSD)

EURUSD, “Euro vs US Dollar”

On H4, the quotations are trading above the 200-days Moving Average, which indicates an uptrend. We expect them to go past 3/8 and rise as high as the resistance at 4/8. The scenario might be canceled by a breakaway of 2/8 downwards, which might cause a reversal of the trend and a decline to the support at 1/8.



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

On M15, the upper line of VoltyChannel is broken away, supporting the idea of further growth to 4/8 on H4.

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 quotations are also trading above the 200-days Moving Average, which indicates an uptrend. We currently expect them to go past 3/8 and rise as high as the resistance at 4/8. The scenario might be canceled by a breakaway of 2/8 downwards, in which case the pair might correct to the support at 1/8.

GBPUSD_H4

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

On M15, the upper line of VoltyChannel is broken, which increases the chances for further growth of the price.

GBPUSD_M15

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

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Source: RoboForex


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