Murrey Math Lines 08.04.2019 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is still trading near the “oversold zone” and may continue growing to reach the resistance at the 3/8 level.
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 trading upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD has failed to fix below the 3/8 level and may continue growing towards the resistance at the 4/8 one.
As we can see in the H1 chart, the pair has rebounded from the support at the 5/8 level. In the future, the instrument is expected to grow and reach the resistance at the 8/8 level.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
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