{"id":114115,"date":"2017-10-05T08:13:36","date_gmt":"2017-10-05T12:13:36","guid":{"rendered":"http:\/\/countingpips.com\/?p=114115"},"modified":"2017-10-05T07:14:36","modified_gmt":"2017-10-05T11:14:36","slug":"murrey-math-lines-05-10-2017-eurusd-usdchf","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/murrey-math-lines-05-10-2017-eurusd-usdchf\/","title":{"rendered":"Murrey Math Lines 05.10.2017 (EUR\/USD, USD\/CHF)"},"content":{"rendered":"
October 5, 2017<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

EUR USD, \u201cEuro vs. US Dollar\u201d<\/strong><\/p>\n

As we can see at the H4 chart, the EUR\/USD pair has rebounded from the support at the\u00a00\/8<\/strong>\u00a0level at\u00a01.1718<\/em>\u00a0and, according to the forecast, must reach its first target at the\u00a03\/8<\/strong>\u00a0one at\u00a01.1901<\/em>. Unfortunately, the price is too weak to break the resistance at the\u00a01\/8<\/strong>level at\u00a01.1779<\/em>. However, if the price does break it, the pair will continue growing towards\u00a01.1901<\/em>. But if the price breaks the support at the\u00a00\/8<\/strong>\u00a0level, the instrument may continue falling towards the\u00a0-2\/8<\/strong>\u00a0one at\u00a01.1596<\/em>.<\/p>\n

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At the H1 chart, there are scenarios for more aggressive trading. One may consider opening positions in advance, before the pair breaks the\u00a00\/8<\/strong>\u00a0level. In this case, short positions may be opened when the price breaks the\u00a01\/8<\/strong>\u00a0level at\u00a01.1749<\/em>\u00a0and place the Stop Loss below it as the pair is getting closer to the\u00a00\/8<\/strong>\u00a0one. However, if the price breaks the\u00a00\/8<\/strong>\u00a0level at\u00a01.1718<\/em>, the instrument will continue falling towards\u00a01.1596<\/em>.<\/p>\n

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USD CHF, \u201cUS Dollar vs Swiss Franc\u201d<\/strong><\/p>\n

At the H4 chart, the USD\/CHF pair is trading close to the resistance at the\u00a08\/8<\/strong>\u00a0level at\u00a00.9765<\/em>. the price has already tested this level several times but failed to break it. Later, the instrument may rebound from this level and resume moving downwards to reach the\u00a05\/8<\/strong>\u00a0one at\u00a00.9582<\/em>.<\/p>

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As we can see at the H1 chart, the pair is also trading near the resistance at the\u00a08\/8<\/strong>\u00a0level (0.9765<\/em>). the price is expected to test this level once again, rebound from it, and then continue falling towards\u00a00.9582<\/em>.<\/p>\n

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 <\/p>\n

RoboForex Analytical Department<\/strong><\/p>\n

<\/strong><\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com EUR USD, \u201cEuro vs. US Dollar\u201d As we can see at the H4 chart, the EUR\/USD pair has rebounded from the support at the\u00a00\/8\u00a0level at\u00a01.1718\u00a0and, according to the forecast, must reach its first target at the\u00a03\/8\u00a0one at\u00a01.1901. Unfortunately, the price is too weak to break the resistance at the\u00a01\/8level at\u00a01.1779. However, if […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-114115","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=114115"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114115\/revisions"}],"predecessor-version":[{"id":114116,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114115\/revisions\/114116"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=114115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=114115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=114115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}