Murrey Math Lines 20.08.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 level. In this case, the price is expected to break the 3/8 level and then continue falling towards the support at the 1/8 one.
In the H1 chart, the pair may break the 3/8 level and then continue growing towards the resistance at the 5/8 one.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to grow towards the resistance at the 2/8 level.
In the H1 chart, the price may break the 2/8 level and continue growing to reach the resistance at the 5/8 one.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.
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