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Murrey Math Lines 13.12.2021 EURUSD, GBPUSD

13.12.2021EURUSD, Euro vs US DollarAs we can see in the H4 chart, EURUSD is trading below the 200day Moving Average, thus indicating a descending tendency. In this case, the price is expected to break 18 and then continue falling to reach the support at 18. Still, this scenario may no longer be valid if the price breaks 28 to the upside. After that, the instrument may grow towards the resistance at 48.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its decline.GBPUSD, Great Britain Pound vs US DollarAs we can see in the H4 chart, GBPUSD is trading below the 200day Moving Average, thus indicating a descending tendency. In this case, the price is still expected to test 48, break it, and then continue falling towards the support at 38. However, this scenario may no longer be valid if the price breaks 58 to the upside. After that, the instrument may correct to reach the resistance at 68.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.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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