Murrey Math Lines 18.06.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading inside the “oversold zone”. Last Friday, the price broke the -1/8 level, but after today’s trading session opening it moved back and right now is still trading below this level. In this case, the instrument is expected to try to break the -1/8 level once again and then continue growing towards the 0/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue growing to reach 1.1718.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to fall towards the support at the 0/8 level.
In the H1 chart, the pair may rebound from the 3/8 level and then resume falling towards 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 falling.
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