Murrey Math Lines 02.02.2018 (EUR/USD, GBP/USD)
EUR USD, “Euro vs. US Dollar”
In the H4 chart, EUR/USD pair is expected to test the support at the 6/8 levels, rebound from it, and then resume growing towards the 7/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
In the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the 5/8 level, the instrument may resume growing towards the 6/8 one. However, the pair may yet test the 4/8 level and rebound from it.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
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 growing.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
GBP USD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBP/USD is expected to continue growing towards the resistance at the 3/8 level.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
In the H1 chart, the pair is expected to test the 5/8 level, rebound from it, and then move upwards to reach the resistance at the 8/8 one.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
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 moving upwards.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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.