Murray Math Lines 20.06.2022 (EURUSD, GBPUSD)

20.06.2022

EURUSD, “Euro vs US Dollar”

On H4, the quotes of EURUSD are under the 200-days Moving Average, which indicates the prevalence of a downtrend. Currently, we should expect a test of 4/8, a breakaway of it, and a decline to the support level of 2/8. The scenario can be cancelled by a breakaway of 5/8 upwards. In this case, the pair can reach the resistance level of 6/8.

EURUSDH4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the lower line of VoltyChannel will be an additional signal supporting the decline.

EURUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

On H4 of GBPUSD, the situation is similar. The quotes are under the 200-days Moving Average, which means the prevalence of a downtrend. A breakaway of 4/8 down is expected, followed by a decline to the support level of 2/8. The scenario can be cancelled by rising above the resistance level of 5/8. This might bring the pair up to 6/8.

GBPUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

On M15, a breakaway of the lower line of Vloty Channel can increase the probability of the decline.

GBPUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.

The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.