Murrey Math Lines 26.12.2022 (EURUSD, GBPUSD)
EURUSD, “Euro vs US Dollar”
On H4, the quotes are above the 200-day Moving Average, which indicates prevalence of an uptrend. The RSI has bounced off the support level. In the end, the quotes are expected to rise above 7/8 (1.0620) and next grow to the resistance level of 8/8 (1.0742). The scenario can be cancelled by a downward breakaway of the support level of 6/8 (1.0498). In this case, the pair may fall to 5/8 (1.0376).
On M15, an additional signal confirming the growth will be a breakaway of the upper border of VoltyChannel.
GBPUSD, “Great Britain Pound vs US Dollar”
On H4, the quotes are also above the 200-day Moving Average, indicating an uptrend, while the RSI has bounced off the support level. A test of 6/8 (1.2207) is expected, followed by a breakaway and growth to the resistance level of 7/8 (1.2451). The scenario can be cancelled by a downward breakaway of the support level of 5/8 (1.2207), which might lead to a trend reversal and falling to 4/8 (1.1718).
On M15, a breakaway of the upper line of VoltyChannel will increase the probability of growth to 7/8 (1.2451) on H4.
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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