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Murrey Math Lines 14.02.2022 EURUSD, GBPUSD

14.02.2022EURUSD, Euro vs US DollarIn the H4 chart, after leaving the consolidation range and breaking 28, EURUSD is trading below it. In this case, the price is expected to test 18, break it, and then continue falling to reach the support at 08. Still, this scenario may no longer be valid if the price breaks 38 to the upside. After that, the instrument may reverse and grow towards the resistance at 58.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 trading downwards.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 price is expected to break 68 and then continue growing towards the resistance at 88. However, this scenario may no longer be valid if the price breaks 58 to the downside. After that, the instrument may resume falling to reach the support at 48.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.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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