Murrey Math Lines 09.08.2017 (EUR/USD, USD/JPY)

EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair is trading at the 8/8 level. If later the price breaks this level to the downside, it may continue falling towards the 5/8 one at 1.1352.

At the M15 chart, the price broke the downside line of the VoltyChannel indicator and, as a result, may break 1.1718 soon. In this case, the price may moving downwards to reach 1.1352.

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart, the USD/JPY pair is trading below the 1/8 level at 110.15. Later, the price is expected to fall towards the 0/8 level at 109.37, rebound from it, and then start another growth to reach the 3/8 one at 111.71.

At the H1 chart, the price is also expected to reach the 0/8 level at 109.37. Later, the pair may rebound from this level and start growing to reach 111.71.

At the M15 chart, the pair is expected to reach 109.37 and then break the upside line of the VoltyChannel indicator. As a result, the price may continue its ascending movement towards 111.71.

RoboForex Analytical Department