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Murrey Math Lines 27.04.2018 (EURUSD, GBPUSD)

27.04.2018

EURUSD, “Euro vs. US Dollar”

In the H4 chart, EURUSD is trading inside the “oversold zone” below the 0/8 level. The price may resume growing only if it breaks the -1/8 level. In this case, the target will be at the 0/8 one.

EURUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

In the H1 chart, the instrument may break the -1/8 level and grow to reach the 0/8 one. Another scenario implies that the pair may break the -2/8 level. In this case, the lines in the chart will be redrawn.

EURUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

GBPUSD, “Great Britain Pound vs US Dollar”

In the H4 chart, the pair is expected to break the 2/8 level and continue falling towards the 1/8 one.

GBPUSD1
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

As we can see in the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 1.3793.

GBPUSD2
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

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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