Murrey Math Lines 07.05.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is expected to test the -1/8 level, rebound from it, and the resume growing towards the 2/8 one.
In the H1 chart, the pair may break the 0/8 level and then continue growing towards the 3/8 one.
As we can see in the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 1.2146.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, the pair is trading inside the “oversold zone”. If the price breaks the 0/8 level, the instrument may resume growing towards the resistance at the 2/8 one.
As we can see in the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 1.3916.
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