Analysis of Murray's levels on July 13, 2016
EUR USD "Euro to US Dollar"
Pair is traded again under 4 hour SuperTrend. More over, pullback from Murray's mark 2/8
was formed. So, in the short term, resuming of market declining towards -2/8
mark is possible.
On 1 hour chart, SuperTrends lines formed "bearish cross". Earlier, we saw pullback from 4/8
mark towards current declining. If during the day price is under 3/8
level, way for further declining towards 0/8
will be opened.
AUD USD "AUS Dollar to US Dollar"
It is quite interesting situation for AUS Dollar, because price formed double pullback from level +1/8
Then, if further we see breakage and price fixed under 0/8
mark, resuming of the pair declining will be possible.
On 1 hour chart, price formed pullback from 7/8
mark that indicates possibility of beginning of declining correction as minimum. Price fixed bellow SuperTrends lines and breakage will confirm the beginning of declining.