Murrey Math Lines 30.11.2020 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
On H4, the quotations are trading above the 200-days Moving Average, indicating an uptrend. The level of 4/8 has been broken, which again promises growth to the resistance level of 5/8. This scenario might be canceled by a breakaway of the support level on 4/8 top-down, which might end up in a correction to 3/8.
On M15, the upper line of the VoltyChannel indicator has been broken, increasing the chances for growth to 5/8 on H4.
GBPUSD, “Great Britain Pound vs US Dollar”
On H4, the quotations are also trading above the 200-days Moving Average, supporting an uptrend. We are expecting the level of 7/8 to be broken away and the price to proceed to the resistance level of 8/8. The scenario might be canceled by a breakaway of 6/8, which will signal a possible decline to the support on 4/8.
On M15, growth might be supported by a breakaway of the upper border of VoltyChannel.
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