Murrey Math Lines 22.02.2019 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has failed to break the 2/8 level once again and may resume falling towards the support at the 0/8 one.
As we can see in the H1 chart, the pair has rebounded from the resistance level and may start a new decline to reach the support at the 3/8 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 fall towards the 6/8 level.
As we can see in the H1 chart, the pair is no longer trading inside the “overbought zone” and may continue falling to reach the 4/8 one.
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
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.