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Murrey Math Lines 18.05.2018 (EURUSD, GBPUSD)

18.05.2018

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD may break the 1/8 level and later test the resistance at the 2/8 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 may break the 3/8 level and then grow to reach the first target at the 5/8 one. The main upside target is the resistance at the 8/8 level.

EURUSD2
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.

EURUSD3
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”. If the price breaks the -1/8 level, it may grow 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 may break the 3/8 level and then continue moving upwards to reach the resistance at the 5/8 one.

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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