Murrey Math Lines: EUR/USD, GBP/USD

RoboForex Team RoboForex

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is consolidating. In this case, the price is expected to resume falling towards the support at the 3/8 level.

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, “Great Britain Pound vs US Dollar”

As we can see in the H4 chart, GBPUSD is trading inside the “overbought zone”. In this case, the price is expected to break the 8/8 level and fall towards the support at the 6/8 one.

In the H1 chart, the pair is expected to test the resistance at the 8/8 level, rebound from it, and then resume falling towards the support at the 3/8 one.

In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.

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RoboForex Team

RoboForex

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

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