Murrey Math Lines 26.01.2018 (EUR/USD, GBP/USD)
EUR USD, “Euro vs. US Dollar”
At the H4 chart, the EUR/USD pair is expected to test the support at the 5/8 levels, rebound from it, and then resume growing towards the 7/8 one.
At the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks from the 4/8 level, the instrument may continue falling to reach the 2/8 one.
GBP USD, “Great Britain Pound vs US Dollar”
As we can see at the H4 chart, the GBP/USD pair may break the 2/8 level and then continue falling with the target at the 1/8 one.
At the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the price breaks the 4/8 level, it may continue falling towards the 3/8 one. If later this level is broken as well, the instrument may move downwards to reach the 2/8 one.
As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling.
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