Murrey Math Lines: EURUSD, GBPUSD

RoboForex Team RoboForex

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is trading below the 3/8 level. In this case, the price is expected to continue falling towards the support at the 0/8 one.

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

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 moving downwards.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD is expected to test the support at the 0/8 level.

In the H1 chart, the price may test the resistance at the 2/8 level, rebound from it, and then resume falling towards the support at the 0/8 one.

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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