Murrey Math Lines 19.09.2014 (EUR/USD, SILVER)
19.09.2014
Analysis for September 19th, 2014
EUR USD, “Euro vs US Dollar”
After rebounding from the H4 Super Trend, Eurodollar is trying to start falling again. Possibly, the price may break the -2/8 level during Friday. In this case, the lines at the cart will be redrawn.
As we can see at the H1 chart, the price hasn’t been able to stay above the 7/8 level and is moving below Super Trends again. In this case, the closest target is at the 4/8 level, if the pair breaks it, the market will continue falling much deeper.
XAG USD, “Silver vs US Dollar”
Silver is still consolidating inside “oversold zone”; bears are supported by Super Trends. The target is at the -2/8 level. If the market breaks it, the lines at the cart will be redrawn.
At the H1 chart, Super Trends are still influenced by “bearish cross”. Considering that the main trend is still bearish, the price is not expected to rebound from the 6/8 level yet. The target for the next several hours is at the 4/8 level.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.