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Murrey Math Lines 30.08.2021 EURUSD, GBPUSD

30.08.2021EURUSD, Euro vs US DollarAs we can see in the H4 chart, EURUSD has reached the downside border of the range at 38. In this case, the price is expected to rebound from this level and resume falling to reach the support at 18. Still, this scenario may no longer be valid if the price breaks 38 to the upside. After that, the instrument may continue growing and reach the next resistance at 48.In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue its decline.GBPUSD, Great Britain Pound vs US DollarAs we can see in the H4 chart, GBPUSD is trading below the 200day Moving Average, thus indicating a descending tendency. In this case, the asset is expected to test 28, rebound from it, and then resume falling towards the support at 08. However, this scenario may no longer be valid if the price breaks 28 to the upside. After that, the instrument may grow to reach the resistance at 38.In the M15 chart, the downside line of the VoltyChannel indicator is pretty far away from the price, thats why the pair may resume the descending tendency only after rebounding from 28 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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