Murrey Math Lines 18.05.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD may break the 1/8 level and later test the resistance at the 2/8 one.
In the H1 chart, the pair may break the 3/8 level and then grow to reach the first target at the 5/8 one. The main upside target is 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.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, the pair is trading inside the “oversold zone”. If the price breaks the -1/8 level, it may grow towards the 0/8 one.
As we can see in the H1 chart, the pair may break the 3/8 level and then continue moving upwards to reach the resistance at the 5/8 one.
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