Murray Math Lines 27.08.2014 (EUR/USD, SILVER)
27.08.2014
Analysis for August 27th, 2014
EUR USD, “Euro vs US Dollar”
Bears were able to enter “oversold zone” after all and now they have to keep the price below the 0/8 level. In addition to that, they are supported by the H4 Super Trend. If the market rebounds from these levels, the pair will start a new descending movement. 
The situation at the H1 chart is quite typical for Murrey Math: after rebounding from the -1/8 level, the pair is testing the 0/8 one. Consequently, if the pair rebounds from the 0/8 level successfully, the market may reach the -2/8 one or even break it.
XAG USD, “Silver vs US Dollar”
Silver is still consolidating. The price wasn’t able to stay above the 2/8 level, which is an additional bearish signal. Considering that the market is again moving below the H4 Super Trend, I decided to open another sell order.
As we can see at the H1 chart, Super Trends formed “bearish cross”. Earlier, the market rebounded from the 5/8 level. If bears are able to keep the price below the 3/8 level after all, Silver may continue falling towards the 0/8 one or even lower.
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