Murrey Math Lines: EUR/USD, GBP/USD

RoboForex Team RoboForex

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, the market situation hasn’t changed much since last Friday. EURUSD is still expected to grow to reach the resistance at the 2/8 level.

In the H1 chart, the pair may break the 1/8 level and move upwards to reach the resistance at the 4/8 one.

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 still expected to continue trading to reach the support at the 0/8 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 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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