Murray Math Lines 19.08.2019 (EURUSD, GBPUSD)
EURUSD
On H4 EURUSD keeps trading under the consolidation range, which signifies possible decline to the support at 0/8. The scenario may no longer be valid if the level of 2/8 is broken away, which may raise the pair to the resistance at 4/8.
On M15 the lower line of the VoltyChannel is broken through which signifies prevalence of a downtrend and a high probability of further decline.
GBPUSD
On H4 the pair is trading in the consolidation range between 3/8 and 5/8. In this situation, correctional growth to the resistance at 5/8. The scenario may no longer be valid in case 3/8 is broken away, which may lead to further decline to the support at 1/8.
On M15 the upper border of the VoltyChannel is broken away, which increases the possibility of further price growth.
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