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Murrey Math Lines 30.05.2022 EURUSD, GBPUSD

30.05.2022EURUSD, Euro vs US DollarAs we can see in the H4 chart, EURUSD is within the overbought area. In this case, the price is expected to break 88 and then continue falling to reach the support at 68. Still, this scenario may no longer be valid if the price breaks the resistance at 18 to the upside. After that, the instrument may reverse and grow towards the next resistance at 28.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.GBPUSD, Great Britain Pound vs US DollarIn the H4 chart, after breaking the 200day Moving Average, GBPUSD is also trading above it, thus indicating an ascending tendency. In this case, the price is expected to test 48, break it, and then continue growing to reach the resistance at 58. However, this scenario may no longer be valid if the price breaks the support 38 to the downside. After that, the instrument may fall towards 28.As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue its growth.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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