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Murrey Math Lines 13.09.2021 EURUSD, GBPUSD

13.09.2021EURUSD, Euro vs US DollarIn the H4 chart, after breaking the 200day Moving Average, EURUSD is trading below it, thus indicating a descending tendency. In this case, the price is expected to test 28, break it, and then continue falling to reach the support at 18. Still, this scenario may no longer be valid if the price breaks 38 to the upside. After that, the instrument may continue growing and reach the resistance at 48.As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue its decline.GBPUSD, Great Britain Pound vs US DollarAs we can see in 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 18.In the M15 chart, the pair may break 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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