Latest News

Murrey Math Lines 21.02.2022 EURUSD, GBPUSD

21.02.2022EURUSD, Euro vs US DollarAs we can see in the H4 chart, after breaking the 200day Moving Average, EURUSD is trading above it to indicate a possible ascending tendency. In this case, the price is expected to test the resistance at 38, break it, and then continue growing to reach 48. Still, this scenario may no longer be valid if the price breaks 18 to the downside. After that, the instrument may reverse and fall towards the support at 08.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.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 continue growing towards the resistance at 88. However, this scenario may no longer be valid if the price breaks 68 to the downside. After that, the instrument may reverse and fall to reach the support at 58.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue its growth towards 88 in the H4 chart.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.

You may also like

Leave a reply

Your email address will not be published.

More in Latest News