Murrey Math Lines 10.12.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD may break the 3/8 level and then continue falling towards the support at the 1/8 one.
As we can see in the H1 chart, the pair is trading inside the “overbought zone”. In this case, the price may break the 8/8 level and continue falling to reach the closest target, which is the support at the 5/8 one.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD has rebounded from the support at the 0/8 level once again. In the future, the price may resume growing towards the resistance at the 3/8 level.
In the H1 chart, the pair may break the 2/8 level and continue moving upwards to reach the resistance at the 6/8 one.
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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