Murrey Math Lines: EUR/USD, GBP/USD

RoboForex Team RoboForex

EUR/USD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is consolidating again. In this case, the price is expected to resume trading downwards to reach the support at 3/8. After that, the instrument may break this level and continue falling towards the support at 1/8.

As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 3/8 and 1/8 from the H4 chart.

GBP/USD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD has broken 2/8. In this case, the price is expected to return into the consolidation range and trade towards 5/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument is expected to continue falling to reach the support at -2/8.

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards to reach 5/8 from the H4 chart.

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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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