Murrey Math Lines: EUR/USD, GBP/USD

RoboForex Team RoboForex

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.

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

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

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.

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.

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