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Murrey Math Lines 15.01.2018 (EUR/USD, GBP/USD)

15.01.2018

EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair is trading inside the “overbought zone” above the 8/8 level. If the price breaks this level downwards, it may resume falling towards the 6/8 one.

EURUSD1

As we can see at the H1 chart, the price is also trading above the resistance level inside the “overbought zone”. In case the pair breaks the 8/8 level, the instrument may fall towards the support at the 5/8 one, break it as well, and then continue moving downwards to reach the 4/8 level.

EURUSD2

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, fall towards 1.2085.

EURUSD3

 

GBP USD, “Great Britain Pound vs US Dollar”

As we can see at the H4 chart, the GBP/USD pair is trading inside the “overbought zone” above the 1/8 level. If later this level is broken downwards, the instrument may resume falling to reach the 8/8 one.

GBPUSD1

The lines at the H4 and H1 charts are completely the same and confirm the scenario described above.

GBPUSD2

 

RoboForex Analytical Department

 

Attention!

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.



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