Murrey Level Analysis for EUR/USD and GBP/USD: July 27, 2018
EUR/USD
On H4, the EUR/USD pair is trading below the consolidation range below 3/8 level. Here we can expect the price to fall to the support at 1/8.
On H1, once 5/8 gets broken out, the price may fall down to the support at 3/8.
On M15, the lower VoltyChannel line has been broken out, which signals a likely further price fall.
GBP/USD
On H4, for GBP/USD the pullback from the resistance at 3/8 may lead to the price falling to the support at 1/8.
On H1, the price has left the overbought zone having broken out 8/8 level. This signals a highly likely further price fall to the support at 5/8.
On M15, the lower VoltyChannel line has been broken out, which signals a likely further price fall.
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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