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Technical Analysis
Technical Analysis by RoboForex
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[QUOTE="RoboForex, post: 150621, member: 38751"] [SIZE=6][B]Murrey Math Lines 30.07.2018 (EURUSD, GBPUSD)[/B][/SIZE] 30.07.2018 EURUSD, “Euro vs. US Dollar” In the H4 chart, EURUSD is trading close to the 3/8 level. In this case, the price may resume trading both upwards and downwards. If the pair breaks the resistance at 1.1664, the instrument may grow towards the 4/8 level. In case of breaking the support at 1.1650, the market may resume falling to reach 1.1535. [IMG]https://www.roboforex.com/uploads/roboforecast/roboforex.com/99/2018/Murrey/july/30/1.PNG[/IMG] As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards. However, if the price breaks the upside line, the tendency may change. In this case, the instrument is expected to grow towards the resistance at 1.1718. [IMG]https://www.roboforex.com/uploads/roboforecast/roboforex.com/99/2018/Murrey/july/30/3.PNG[/IMG] GBPUSD, “Great Britain Pound vs US Dollar” As we can see in the H4 chart, GBPUSD failed to break the 3/8 level last Friday. In this case, the price is expected to resume falling towards the support at the 1/8 level. [IMG]https://www.roboforex.com/uploads/roboforecast/roboforex.com/99/2018/Murrey/july/30/4.png[/IMG] In the H1 chart, the price may continue falling towards the support at the 5/8 one. [IMG]https://www.roboforex.com/uploads/roboforecast/roboforex.com/99/2018/Murrey/july/30/5.png[/IMG] As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards. [IMG]https://www.roboforex.com/uploads/roboforecast/roboforex.com/99/2018/Murrey/july/30/6.png[/IMG] [/QUOTE]
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