Murrey Math Lines 22.12.2017 (EUR/USD, GBP/USD)

22 декабря 2017 - Fx4News

EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair is trading close to the 6/8 level. The price is expected to continue growing towards the resistance at the 8/8 one. 

EURUSD1

As we can see at the H1 chart, the price is consolidating between the 3/8 and 5/8 levels. If the price beaks the 5/8 level, the instrument may continue moving upwards to reach the resistance at the 8/8 one.

EURUSD2

 

GBP USD, “Great Britain Pound vs US Dollar”

At the H4 chart, the GBP/USD pair is expected to break 7/8 level and continue falling towards the 5/8 one.

GBPUSD1

As we can see at the H1 chart, here the pair may continue falling after breaking the 6/8 level. The main target is at the 2/8 level.

GBPUSD2

At the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards to reach 1.3244.

GBPUSD3

 

RoboForex Analytical Department