Murrey Math Lines; EUR/USD, AUD/USD
|EURUSD, “Euro vs. US Dollar”
At the H4 chart, after breaking the 1/8 level at 1.1779, the EUR/USD pair started moving towards its first target at the 3/8 one at 1.1901.
At the H1 chart, the pair may be corrected towards the 2/8 level at 1.1779, rebound from it, and then resume growing to reach 1.1901. If the price breaks the 3/8 level at 1.1810, this scenario may be cancelled.
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue growing to reach 1.1901.
AUDUSD, “Australian Dollar vs US Dollar”
At the H4 chart, yesterday the AUD/USD pair rebounded from the support at the 0/8 level at 0.7812, which means that the instrument may continue growing to reach 0.7995.
As we can see at the H1 chart, the pair has fixed above the 5/8 level at 0.7843 and, as a result, may continue moving upwards with the target at 0.7995.
As we can see at the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and is expected to continue growing.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.