Murray Level Analysis for EURUSD and GBPUSD: 29/03/2019
EURUSD
On H4, 0/8 breakout may lead to the EUR/USD price rising till the resistance at 3/8.
H1 charts show the same Murray levels as H4, thus confirming the prediction mentioned above.
In case VoltyChannel upper line is broken out on M15, the price will be likely to rise.
GBPUSD
On H4, the 3/8 breakout may lead to the GBPUSD price falling till the support at 1/8.
On H1, the price is above the consolidation range. The 3/8 is going to get tested, after which the price is likely to bounce and fall to the support at 0/8.
On M15, the lower VoltyChannel line has been broken out, which means a downtrend is prevailing.
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.