Murrey Math Lines 03.09.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD may break the 6/8 level and then continue falling towards the 5/8 one.
As we can see in the H1 chart, the pair is consolidating between the 3/8 and 5/8 levels. In this case, the price is expected to test the 5/8 level, rebound from it, and then resume falling towards the support at the 2/8 one.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is consolidating. In this case, the instrument is expected to continue falling towards the support at the 3/8 level.
In the H1 chart, the price may rebound from the 4/8 level and then resume falling to reach the support at the 2/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue trading downwards.
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