Murrey Math Lines: EURUSD, GBPUSD
|EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading inside the “oversold zone”. By now, it has rebounded from the -1/8 level and may continue growing towards the resistance at the 0/8 one.
In the H1 chart, the pair may break the 3/8 level and then continue growing towards the resistance at the 4/8 one.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to test the 0/8 level, rebound from it, and then resume growing towards the resistance at the 3/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
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