Murrey Math Lines 15.04.2019 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD rebounded from the 3/8 level last Friday. In this case, the price is expected to resume falling to reach the support at the 1/8 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 downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is still trading below the 3/8 level and may continue falling towards the support at the 0/8 one.
In the H1 chart, the pair may break the 5/8 level and move downwards to reach the support at the 0/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
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