rfxsignals May 25, 2020 No Comments
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Murrey Math Lines 25.05.2020 (EURUSD, GBPUSD)

25.05.2020

EURUSD, “Euro vs. US Dollar”

In the H4 chart, after breaking 5/8, EURUSD is expected to continue falling towards the support at 3/8. However, this scenario may no longer be valid if the price breaks the resistance at 6/8 to the upside. After that, the instrument may continue growing to reach 8/8.

EURUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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 trading downwards to reach 3/8 from the H4 chart.

EURUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is consolidating below 4/8. The main scenario implies that the pair may break this level to the downside and then continue falling towards the closest support at 3/8. However, this scenario may no longer be valid if the price breaks at 4/8 to the upside. After that, the instrument may continue growing to reach the resistance at 5/8.

GBPUSD_H4
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.

GBPUSD_M15
Risk Warning: the result of previous trading operations do not guarantee the same results in the future