Murrey Math Lines 05.09.2017 (EUR/USD, NZD/USD)

EUR USD, “Euro vs. US Dollar”

As we can see at the H4 chart, the EUR/USD pair has fixed above the 5/8 level at 1.1840. Later, the price is expected to continue growing towards the resistance at the 8/8 level at 1.2207.

At the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. If the instrument fixes above the 3/8 level, the price may continue moving upwards to reach 1.2207.

As we can see at the M15 chart, the price has broken the upside line of the VoltyChannel indicator and, as a result, may grow to reach 1.2207.

NZD USD, “New Zealand Dollar vs US Dollar”

At the H4 chart, the NZD/USD pair is expected to test the support at the 0/8 level at 0.7080, rebound from it, and then resume growing to reach the 3/8 level at 0.7263.

At the H1 chart, the pair may break the 2/8 level at 0.7141 and, as a result, move to test the support at the 0/8 one at 0.7080.

At the M15 chart, the price may break the downside line of the VoltyChannel indicator, in this case, the pair may fall to reach 0.7080.

RoboForex Analytical Department