Murrey math lines: EUR/USD, GBP/USD

RoboForex Team RoboForex

EUR/USD, “Euro vs. US Dollar”

In the H4 chart, after rebounding from 0/8, EURUSD is expected to correct upwards and reach 2/8. However, this scenario may no longer be valid if the price breaks 1/8 to the downside. After that, the instrument may continue falling towards the support at 0/8.

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 its growth.

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

In the H4 chart, GBPUSD is above the 200-day Moving Average within the “overbought area”, thus indicating an ascending tendency. In this case, the price is expected to break +1/8 and then continue growing towards the resistance at +2/8. However, this scenario may no longer be valid if the price breaks the support at 8/8 to the downside. After that, the instrument may continue falling and reach 7/8.

As we can see in the M15 chart, the price has broken the upside line of the VoltyChannel indicator and, as a result, continue trading upwards to reach +2/8 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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