Murrey Math Lines 27.04.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD is trading inside the “oversold zone” below the 0/8 level. The price may resume growing only if it breaks the -1/8 level. In this case, the target will be at the 0/8 one.
In the H1 chart, the instrument may break the -1/8 level and grow to reach the 0/8 one. Another scenario implies that the pair may break the -2/8 level. In this case, the lines in the chart will be redrawn.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, the pair is expected to break the 2/8 level and continue falling towards the 1/8 one.
As we can see in the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 1.3793.
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