Murrey Math Lines: EUR/USD, GBP/USD

EURUSD, “Euro vs. US Dollar”

In the H4 chart, the pair is expected to break the 3/8 level and continue growing to reach the resistance at the 5/8 one.

EURUSD

The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.

EURUSD

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

EURUSD

 

GBPUSD, “Great Britain Pound vs US Dollar”

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

GBPUSD

As we can see in the H1 chart, the pair is trading close to the 5/8 level. In the future, the price may break the 5/8 level and continue its decline to reach 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 moving 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.