Murrey Math Lines 27.11.2017 (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 7/8 level (1.1901), rebound from it, and then grow towards the resistance at the 8/8 one (1.1962).

At the H1 chart, the price may test the 6/8 level (1.1901), rebound from it, and then resume moving upwards to reach the resistance at the 8/8 one (1.1962). However, if the price breaks the 7/8 level, it won’t test the 6/8 one.

As we can see at the M15 chart, the pair broke the upside line of the VoltyChannel indicator five days ago and has been moving upwards ever since.

GBP USD, “Great Britain Pound vs US Dollar”

At the H4 chart, the GBP/USD pair is expected to rebound from the 6/8 level (1.3305). After that, the price may resume growing to reach the resistance at the 8/8 level (1.3427).

As we can see at the H1 chart, the pair may test the support at the 2/8 level (1.3305), rebound from it, and then grow towards the 3/8 one (1.3366). If later the instrument breaks the latter level, it may continue moving upwards to reach the 4/8 one (1.3427).

At the M15 chart, the pair may break the upside line of the VoltyChannel indicator again and, as a result, continue trading towards 1.3427.

RoboForex Analytical Department