Murrey Math Lines 15.02.2019 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is still trading below the 3/8 level and may continue falling towards the support at the 0/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD may break the 5/8 level and continue growing towards the resistance at the 7/8 one.
As we can see in the H1 chart, the pair is trading inside the “oversold zone”. In the future, the price may break the 0/8 level and continue growing towards the resistance at the 3/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
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.