Murrey Level Analysis for EUR/USD and GBP/USD: July 20, 2018
EUR/USD
On H4, the EUR/USD is trading within a consolidation range between 3/8 and 5/8, while we can expect the price to rise to the resistance at 5/8.
Once 3/8 gets broken out on H1, the price may rise further to reach the resistance at 5/8.
On M15, the upper VoltyChannel line has been broken out, which signals a likely price rise.
GBP/USD
On H4, we can expect GBP/USD to test 0/8, which may then lead to a bounce and a rise to 3/8.
H1 charts show the same Murrey levels as H4, which confirms the possible test at 0/8 and the rise to 3/8.
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.
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