Murray Math Lines 26.07.2019 (EURUSD, GBPUSD)
EURUSD
On H4 EURUSD is trading in a descending channel. In this situation a breakaway of 3/8 may lead to correction growth to the resistance at 4/8. A breakaway of 2/8 may signal continuation of the downtrend, which may result in a fall to the support at 0/8.
On M15 a breakaway of the lower line of the VoltyChannel may increase the possibility of further price decline.
GBPUSD
On H4 the instrument is also trading in a downtrend. A breakaway of 5/8 may result in a trend reversal and growth to the resistance at 7/8. A breakaway of 3/8 may signal continuation of the trend, leading to a decrease to the support at 1/8.
On M15 the lower line of the VoltyChannel is broken. This signals predominance of the downtrend and a high possibility of further decline.
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