Murrey Math Lines 12.04.2019 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is expected to continue growing to reach the resistance at the 3/8 level.
However, in the H1 chart the scenario may be a bit different. Right now, the pair is trading near the “overbought zone”. If the price rebounds from the resistance at the 8/8 level, the instrument may resume falling towards the support at the 3/8 one.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is trading below the 3/8 level and may continue falling towards the support at the 0/8 one.
In the H1 chart, the pair may break the 3/8 level and move downwards to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.