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Murrey Math Lines 27.09.2021 EURUSD, GBPUSD

27.09.2021EURUSD, Euro vs US DollarAs we can see in the H4 chart, after leaving the oversold area, EURUSD is trading at 08. In this case, the price is expected to test the resistance at 18, break it, and then continue growing to reach 28. Still, this scenario may no longer be valid if the price breaks the support at 08 to the downside. After that, the instrument may continue falling and reach 18.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, may continue its growth.GBPUSD, Great Britain Pound vs US DollarAs we can see in the H4 chart, GBPUSD is trading within the oversold area. In this case, the asset is expected to break 08 and then continue growing towards the resistance at 28. However, this scenario may no longer be valid if the price breaks 18 to the downside. After that, the instrument may continue falling to reach the support at 28.In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.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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