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Murrey Math Lines 22.11.2021 EURUSD, GBPUSD

22.11.2021EURUSD, Euro vs US DollarIn the H4 chart, EURUSD is approaching the oversold area. In this case, the price is expected to test 08, rebound from it, 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 18.As we can see in the M15 chart, the upside line of the VoltyChannel indicator is pretty far away from the price, thats why the pair may resume the ascending tendency only after rebounding from 08 in the H4 chart.GBPUSD, Great Britain Pound vs US DollarIn the H4 chart, GBPUSD is trading at 08. In this case, the price is expected to rebound from this level and then resume growing towards the resistance at 28. However, this scenario may no longer be valid if the price breaks 08 to the downside. After that, the instrument may fall to retest the support at 18.As we can see in the M15 chart, the upside line of the VoltyChannel indicator is pretty far away from the price, thats why the pair may resume trading upwards only after rebounding from 08 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.

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