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Murrey Math Lines for 09.06.2021 EURUSD, GBPUSD

09.08.2021EURUSD, Euro vs US DollarOn H4, the quotations are trading under the 200days Moving Average, indicating a downtrend. We expect a breakaway of 18 and falling to the support level of 08. The scenario can be cancelled if the price break through 28 upwards. In this case, the quotations may correct to the resistance level of 38.On M15, the lower line of VoltyChannel is broken. Thus makes further falling of the price more probable.GBPUSD, Great Britain pound vs US DollarOn H4, the quotations are trading inside a consolidation range between 38 and 58. The price currently rests at the lower border of the range. We expect a bounce off 38 and growth to the resistance level of 58. The scenario can be cancelled by a breakaway of 38 downwards, in which case the price can drop to the support level of 28.On M15, another signal supporting the growth of the price should be a breakaway of the upper line of VoltyChannel.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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