Murrey Math Lines 07.05.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is expected to test the -1/8 level, rebound from it, and the resume growing towards the 2/8 one.
In the H1 chart, the pair may break the 0/8 level and then continue growing towards the 3/8 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 is trading inside the “oversold zone”. If the price breaks the 0/8 level, the instrument may resume 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.