Murrey Math Lines 14.05.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading at the 2/8 level. If later the price breaks this level, the instrument may test the resistance at the 3/8 one.
In the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the 5/8 level, it may continue growing towards the resistance at the 8/8 one.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, the pair is trading inside the “oversold zone”. The price is expected to grow towards the resistance at the 1/8 level.
As we can see in the H1 chart, the pair has broken the 6/8 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.
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