Murrey Math Lines 18.02.2019 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, last Friday EURUSD rebounded from the support the 0/8 level and may later resume growing towards the resistance at the 3/8 one.
In the H1 chart, the pair may break the 3/8 level and continue growing towards the resistance at the 5/8 one.
As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
In the H4 chart, GBPUSD is expected to test the 6/8 level, rebound from it, and then resume falling towards the support at the 5/8 one.
In the H1 chart, the pair may break the 3/8 level and continue falling towards the support at the 0/8 one.
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.