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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Analysis of Murray's level for EUR/USD and AUD/USD on 13.09.2016
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Analysis of Murray's level for EUR/USD and AUD/USD on 13.09.2016

13.09.2016
Analysis of Murray's level on September 13, 2016

EUR/USD "Euro vs US Dollar"

Analysis of Murray's level for EUR/USD on 13.09.2016

Euro-US Dollar pair consolidates on the Murray level 4/8 and SuperTrend lines. During the day we expect further price fluctuation within current flat, however, it is possible that we would see quotes descending again. The nearest goal is the mark at 2/8.

Analysis of Murray's level for EUR/USD on 13.09.2016

Pretty much the same we have on the 1 hour chart. SuperTrend lines have crossed at the same level, which reflects consolidation during several past days. If we saw the price settled below the mark at 3/8, then it would be a confirmation that bears are raising their heads and getting back to the market.

AUD USD "Australian dollar vs US Dollar"

Analysis of Murray's level for AUD/USD on 13.09.2016

For Aussie we have SuperTrend lines that have formed "Bear cross", however, the price has failed the first try to settle below the mark 3/8. If we saw the pair below that level, then there would be a solid perspective towards further descending.

Analysis of Murray's level for AUD/USD on 13.09.2016

On 1 hour chart, we had seen bouncing from the level 2/8 that has triggered a correction. It is quite possible that market will test again the mark at 4/8. And if we saw a bouncing one more time, then we would have a good signal of descending movement.

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