Murrey Math Lines 27.09.2017 (EUR/USD, GBP/USD)

EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair is still moving towards its main target at the support at the 0/8 level at 1.1718, just as expected. The last level to break before reaching the target is the 1/8 one at 1.1779. In this case, the price may continue falling and reach the 0/8 level at 1.1718.

At the M15 chart, the price may break the downside line of the VoltyChannel indicator and, as a result, continue falling towards 1.1718.

GBP USD, “Great Britain Pound vs US Dollar”

At the H4 chart, the GBP/USD pair is trading towards the target at the 5/8 level at 1.3305. The price is expected to test this level, rebound from it, and then resume growing towards the resistance at the 8/8 one at 1.3672.

As we can see at the M15 chart, the price has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling to reach 1.3305.

RoboForex Analytical Department