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Murrey Math Lines 06.09.2021 EURUSD, GBPUSD

06.09.2021EURUSD, Euro vs US DollarAs we can see in the H4 chart, EURUSD is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the price is expected to test 48, rebound from it, and then resume growing to reach the resistance at 68. Still, this scenario may no longer be valid if the price breaks 58 to the upside. After that, the instrument may continue growing and reach the next resistance at 68 without any correction towards 48.In the M15 chart, the upside line of the VoltyChannel indicator will appear after the pair falls and reaches 48. As a result, the asset may continue its growth.GBPUSD, Great Britain Pound vs US Dollarin the H4 chart, GBPUSD is trading above the 200day Moving Average, thus indicating an ascending tendency. In this case, the asset is expected to break 38 and then continue growing towards the resistance at 48. However, this scenario may no longer be valid if the price breaks 28 to the downside. After that, the instrument may fall to reach the support at 38.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 upwards.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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