Murrey Math Lines 18.01.2019 (EURUSD, GBPUSD)
In the H4 chart, EURUSD is trading below the 3/8 level and may continue falling towards the 0/8 one.
In the H1 chart, the pair is expected to start a new correction from the 0/8 level towards the resistance at the 3/8 one and then resume trading to the downside.
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
As we can see in the H4 chart, GBPUSD is trading above the 5/8 level and may continue growing towards the resistance at the 8/8 one.
In the H1 chart, the pair is trading inside the “overbought zone”. If the price breaks the +2/8 level, the lines at the chart will be redrawn. However, as long as the pair is trading below the +2/8 level, the instrument may break the 8/8 level and then continue falling towards the support at the 5/8 one.
