EURUSD – Replotting of Murrey Levels

19.08.2024

H4: On Friday, the price broke through the (+2/8) level. The Murrey levels have been replotted on the chart. Currently, the price is testing the (5/8) level. This is a relatively weak level, which only influences the price when it is moving within the (3/8 – 5/8) channel. In the current situation, the price is not in a sideways trend, so we expect the quotes to rise above this level today.

Trading decision: Buy at 1.1010, TP 1.1070.