Murrey Math Lines 11.05.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is expected to break the 2/8 level and then test the resistance at the 3/8 one.
In the H1 chart, the pair is trading below the consolidation range. In this case, the price may break the 2/8 level and then continue falling towards the 0/8 one.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, the pair is trading inside the “oversold zone” below the 0/8 level. If the price breaks the ‑1/8 level, the instrument may resume growing towards the 0/8 one.
As we can see in the H1 chart, the pair has rebounded from the 5/8 level and may continue moving upwards to reach the resistance at the 8/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards to reach 1.3671.
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