Murrey Math Lines 16.03.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD may break the support at the 1/8 level and then continue falling towards the 0/8 one.
In the H1 chart, the pair is consolidating. The price may break the 3/8 level and continue falling to reach the support at the 0/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD may break the 2/8 level and then continue falling towards the support at the 0/8 one.
In the H1 chart, the pair is consolidating. Later, the price may break the 4/8 level and then continue moving downwards to reach the support at the 0/8 one.
As we can see in the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 1.3793.
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