Murrey Math Lines 15.06.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading inside the “oversold zone”. In this case, the price may break the -1/8 level and grow towards the 0/8 one.
In the H1 chart, the pair may rebound from the 3/8 level and then resume falling towards the target at the 0/8 one.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to fall towards the support at the 0/8 level.
As we can see in the H1 chart, the pair is consolidating. In this case, the price may resume falling towards the support at the 0/8 one.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.