Murrey Math Lines 07.01.2019 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading above the 5/8 level and may continue growing towards the resistance at the 8/8 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 upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is consolidating and may grow towards the upside border of the range at the 5/8 level.
However, the H1 chart scenario may be different. The pair may break the 8/8 level and resume moving downwards to reach the support at the 5/8 one.
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