Murrey Math Lines 04.06.2018 (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 failed to break the 7/8 level and fix below it. Later, the price is expected to break the resistance at the 8/8 level and continue trading towards the +2/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue growing towards 1.1840.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is trading inside the “oversold zone”. In the future, the price is expected to grow towards the -1/8 level.
As we can see in the H1 chart, the pair has broken the 3/8 level and right now is consolidating. Later, the instrument is expected to move upwards to reach the resistance at the 4/8 level.
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 towards 1.3427.
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.