Murrey Math Lines 09.02.2018 (EURUSD, GBPUSD)

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 levels. The price is expected to grow towards the resistance at the 5/8 level. However, the instrument may test the 4/8 level once again, rebound from it, and then start growing to reach the 5/8 one.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

In the H1 chart, the pair may break the 1/8 and then grow towards the 3/8 one. However, one shouldn’t exclude a possibility that the price may test the support at the 0/8 level, rebound from it, and then resume growing towards the 3/8 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 may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, GBPUSD may break the 1/8 level and then continue falling towards the support at the 0/8 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 later the price breaks the 3/8 level, the instrument may resume falling towards the support at the 0/8 one. However, there is another possible scenario, according to which the instrument may breaks the 5/8 level. In this case, the pair may resume growing towards the resistance at the 8/8 one.

Risk Warning: the results of previous trading operations do not guarantee the same results in the future.

RoboForex Analytical Department