Murrey Level Analysis for EURUSD and GBPUSD: 22/03/2019
EURUSD
On H4, the EURUSD is expected to bounce off 5/8 and reach the support at 3/8.
H1 charts show the same Murrey levels as H4, thus confirming the prediction mentioned above.
On M15, the lower VoltyChannel line has been broken out, which makes the price fall even more likely.
GBPUSD
On H4, the GBP/USD is trading within a consolidation range. Now, once 3/8 gets broken out, the price may fall further to reach the support at 1/8.
On H1, the 3/8 breakout may also lead to the price fall. The support at 0/8 may become the first downtrend target.
On M15, the lower VoltyChannel line has been broken out, which makes the price fall even more likely.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.