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Murrey Math Lines 11.05.2018 (EURUSD, GBPUSD)

11.05.2018

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is expected to break the 2/8 level and then test the resistance at the 3/8 one.

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

In the H1 chart, the pair is trading below the consolidation range. In this case, the price may break the 2/8 level and then continue falling towards the 0/8 one.

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 trading inside the “oversold zone” below the 0/8 level. If the price breaks the ‑1/8 level, the instrument may resume growing towards the 0/8 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 H1 chart, the pair has rebounded from the 5/8 level and may continue moving upwards to reach the resistance at the 8/8 one.

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

In the M15 chart, the pair may break the upside line of the VoltyChannel indicator and, as a result, continue trading upwards to reach 1.3671.

GBPUSD3
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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