Murrey Math Lines 27.08.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading above the 5/8 level. In this case, the price is expected to continue growing towards the 8/8 one.
In the H1 chart, the price may break the resistance at the 8/8 level and then continue trading to reach the support at the 5/8 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 continue growing towards the 3/8 level.
As we can see in the H1 chart, the price is trading close to the 5/8 level. In this case, the price may break the 6/8 level and then continue growing to reach the resistance at the 8/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
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