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Murray Math Lines 20.06.2022 EURUSD, GBPUSD

20.06.2022EURUSD, Euro vs US DollarOn H4, the quotes of EURUSD are under the 200days Moving Average, which indicates the prevalence of a downtrend. Currently, we should expect a test of 48, a breakaway of it, and a decline to the support level of 28. The scenario can be cancelled by a breakaway of 58 upwards. In this case, the pair can reach the resistance level of 68.On M15, a breakaway of the lower line of VoltyChannel will be an additional signal supporting the decline.GBPUSD, Great Britain Pound vs US DollarOn H4 of GBPUSD, the situation is similar. The quotes are under the 200days Moving Average, which means the prevalence of a downtrend. A breakaway of 48 down is expected, followed by a decline to the support level of 28. The scenario can be cancelled by rising above the resistance level of 58. This might bring the pair up to 68.On M15, a breakaway of the lower line of Vloty Channel can increase the probability of the decline.Back to listAttention!Forecasts presented in this section only reflect the authors private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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