Murrey Math Lines 05.11.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD may break the 3/8 level and then continue growing towards the resistance at the 5/8 one.
As we can see in the H1 chart, the pair has rebounded from the 5/8 level and may resume growing towards the resistance at the 8/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is still trading close to the 5/8 level. In this case, the price may resume continue falling towards the support at the 3/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
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