Murrey math lines and forecasts

One of the classic approaches to the currency market analysis, which is successfully applied to everyday investment processes. Murrey math lines can be used for understanding both short- and long-term outlooks. As a rule, a strategy that involves Murrey math lines includes other types of technical analysis.

07.01.2019

Murrey Math Lines 07.01.2019 (EURUSD, GBPUSD)

As we can see in the H4 chart, EURUSD is trading above the 5/8 level and may continue growing towards the resistance at the 8/8 one.