Murrey Math Lines 11.06.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has broken the 0/8 level and is no longer trading inside the “oversold zone”. If later the price breaks the 1/8 level, the instrument may grow towards the resistance at 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 1.1962.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is trading inside the “oversold zone”. If later the price breaks the -1/8 level, it may continue growing to reach the 0/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue growing towards 1.3671.
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.