Murrey Math Lines 04.03.2019 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, the pair is still trading below the 3/8 level and may start a new decline to reach the support at the 1/8 one.
As we can see in the H1 chart, EURUSD has broken the 5/8 level and may continue falling towards 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.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD may break the 4/8 level and continue falling towards the support at the 3/8 one.
In the H1 chart, the pair may rebound from the 5/8 level and resume falling to reach the support at the 3/8 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 moving downwards.
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