Murrey Math Lines 31.08.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
In the H4 chart, EURUSD may break the 7/8 level and then continue falling towards the 5/8 one.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is trading above the 5/8 level. In this case, the instrument is expected to continue growing towards the resistance at the 8/8 level.
The lines in the H4 and H1 charts are completely the same and confirm the scenario described above.
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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