Murray Math Lines 20.06.2022 (EURUSD, GBPUSD)

June 20, 2022

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

On H4, the quotes of EURUSD are under the 200-days Moving Average, which indicates the prevalence of a downtrend. Currently, we should expect a test of 4/8, a breakaway of it, and a decline to the support level of 2/8. The scenario can be cancelled by a breakaway of 5/8 upwards. In this case, the pair can reach the resistance level of 6/8.

EURUSDH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the lower line of VoltyChannel will be an additional signal supporting the decline.

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 of GBPUSD, the situation is similar. The quotes are under the 200-days Moving Average, which means the prevalence of a downtrend. A breakaway of 4/8 down is expected, followed by a decline to the support level of 2/8. The scenario can be cancelled by rising above the resistance level of 5/8. This might bring the pair up to 6/8.


Free Reports:

Get Our Free Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





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

On M15, a breakaway of the lower line of Vloty Channel can increase the probability of the decline.

GBPUSD_M15

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.