Murrey Math Lines 22.02.2019 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has failed to break the 2/8 level once again and may resume falling towards the support at the 0/8 one.
As we can see in the H1 chart, the pair has rebounded from the resistance level and may start a new decline to reach the support at the 3/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue trading downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to fall towards the 6/8 level.
As we can see in the H1 chart, the pair is no longer trading inside the “overbought zone” and may continue falling to reach the 4/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
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