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Murrey Math Lines 18.10.2017 (EUR/USD, EUR/JPY)

18.10.2017

EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair is expected to test the support at the 0/8 level at 1.1718, rebound from it, and then resume growing towards the 3/8 one at 1.1901. However, if the price breaks the 1/8 level at 1.1779, it won’t test the 0/8 one.  

At the H1 chart, the pair may test the 0/8 level at 1.1718. However, if the price breaks the 2/8 level at 1.1779, this scenario may be cancelled and the instrument may moving upwards to reach 1.1901.

At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue growing to reach 1.1901.

 

EUR JPY, “Euro vs. Japanese Yen”

As we can see at the H4 chart, the EUR/JPY pair may yet continue growing towards the resistance at the 8/8 level (134.37).

At the H1 chart, the price may break the 1/8 level at 132.22 and continue growing with the target at 134.37.

At the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue moving upwards to reach 134.37.

 

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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