Murrey Math Lines 25.05.2018 (EURUSD, GBPUSD)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD may break the 0/8 level and grow towards the 1/8 one.
In the H1 chart, the pair may break the 0/8 level and continue trading towards the 3/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is trading inside the “oversold zone”. If the price breaks the -1/8 level, it may grow towards the 0/8 one.
In the H1 chart, the pair may break the 3/8 level and move upwards to reach the tare at the 5/8 one.
In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards.
RoboForex Analytical Department
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.