Murrey Math Lines 28.05.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading inside the “oversold zone” below the 0/8 level. If the price breaks this level, the instrument may grow towards the resistance at 1/8 one.
In the H1 chart, the pair may break the 0/8 level and trade towards the first target at the 2/8 one.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue moving upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is trading inside the “oversold zone”. If the price breaks the -1/8 level, it may grow towards the 0/8 one.
In the H1 chart, the pair may move upwards to reach the resistance at the 3/8 level.
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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