Murrey Math Lines 01.06.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading inside the “oversold zone” below the 0/8 level. If the price breaks this level, the instrument may grow towards the 1/8 one.
In the H1 chart, the pair may break the 7/8 level and trade towards the support at the 5/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue falling towards 1.1535.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is trading inside the “oversold zone”. If the price breaks the -1/8 level, it may resume growing.
In the H1 chart, the pair may break the 2/8 level and then continue moving upwards to reach the first target at the 3/8 one.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.