Murrey Level Analysis for EUR/USD and GBP/USD: July 23, 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.
On H1, the pair may start falling once 1/8 gets broken out. The target of such a fall may be located at the support of 5/8.
GBP/USD
On H4, the GBP/USD broke out the 3/8 level and entered the consolidation range. Moving forward, we can expect the price to rise to the resistance at 5/8.
On H1, the price may start falling once there's a pullback from 8/8. The target of this fall may lie at 5/8.
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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