Murrey Math Lines 01.09.2017 (EUR/USD, AUD/USD)

EUR USD, “Euro vs. US Dollar”

As we can see at the H4 chart, the EUR/USD pair has rebounded from the 5/8 level at 1.1840. Later, the price is expected to resume growing towards the 8/8 one at 1.2207.

At the H1 chart, the pair is trading close to the 3/8 level at 1.1901. If the instrument breaks it, the price may continue moving upwards to reach 1.2207.

At the M15 chart, the price may break the upside line of the VoltyChannel indicator and, as a result, grow to reach 1.2207.

AUD USD, “Australian Dollar vs US Dollar”

As we can see at the H4 chart, the AUD/USD pair has failed to break the 5/8 level at 0.7873 and fix below it. Later, the price is expected to continue growing to reach the resistance at the 8/8 level at 0.8056.

At the H1 chart, the pair may break the 5/8 level at 0.7949 and, as a result, move upwards to reach 0.8056.

RoboForex Analytical Department