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Murrey Math Lines 20.12.2021 EURUSD, GBPUSD

20.12.2021EURUSD, Euro vs US DollarAs we can see in the H4 chart, EURUSD is trading not from the oversold area. In this case, the price is expected to rebound from 08 and then resume growing to reach the resistance at 28. Still, this scenario may no longer be valid if the price breaks 08 to the downside. After that, the instrument may fall towards the support at 28.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth.GBPUSD, Great Britain Pound vs US DollarIn 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.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.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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