Murrey Math Lines 04.02.2019 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is consolidating. Last Friday, the price rebounded from the 4/8 level and may resume falling towards the 2/8 one.
As we can see in the H1 chart, the pair has rebounded from the resistance at the 8/8 level and may start a new decline to reach the support at the 5/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD may break the 7/8 level and continue falling towards the support at the 5/8 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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