Murrey Math Lines 20.08.2018 (EURUSD, GBPUSD)

20 августа 2018 - Fx4News

EURUSD, “Euro vs. US Dollar”

As we can see in the H4 chart, EURUSD is consolidating between the 3/8 and 5/8 level. In this case, the price is expected to break the 3/8 level and then continue falling towards the support at the 1/8 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 continue growing towards the resistance at the 5/8 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, GBPUSD is expected to grow towards the resistance at the 2/8 level.

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

In the H1 chart, the price may break the 2/8 level and continue growing 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

As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.

GBPUSD3
Risk Warning: the result of previous trading operations do not guarantee the same results in the future