Murrey Math Lines 06.07.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is expected to break the 4/8 level and then continue growing towards the resistance at the 5/8 one.
In the H1 chart, the pair may break the resistance at the 8/8 level and then continue trading towards the 5/8 one.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is consolidating between the 3/8 and 5/8 levels. In the future, the price is expected to test the resistance at the 5/8 one.
In the H1 chart, the pair may continue trading towards the resistance at the 8/8 level.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
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.