Murrey Math Lines: EUR/USD, GBP/USD

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.

EURUSD

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.

EURUSD

 

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.

GBPUSD

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.

GBPUSD

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

GBPUSD

Forecasts presented in this section only reflect the author’s 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.