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Murrey Math Lines 25.10.2021 EURUSD, GBPUSD

25.10.2021EURUSD, Euro vs US DollarIn the H4 chart, after breaking 38, EURUSD is consolidating. In this case, the price is expected to continue growing to reach the resistance at 48. Still, this scenario may no longer be valid if the price breaks 38 to the downside. After that, the instrument may fall towards the support at 18.As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue its growth.GBPUSD, Great Britain Pound vs US DollarIn the H4 chart, GBPUSD is still moving within the overbought area. In this case, the asset is expected to test 18, rebound from it, and then resume falling towards the support at 88. However, this scenario may no longer be valid if the price breaks 18 to the upside. After that, the instrument may continue growing to reach the resistance at 28.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 to reach 88 from 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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