Murrey Math Lines 04.05.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has rebounded from the support at the 0/8 level. In this case, the price may resume growing towards the resistance at the 3/8 one.
In the H1 chart, the pair is expected to break the 5/8 level and then continue growing towards the 7/8 one.
As we can see in the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 1.2146.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, the pair may break the 0/8 level and then continue growing towards the resistance at the 2/8 one.
As we can see in the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 1.3916.
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.