Murrey Math Lines 28.04.2016 (EUR/USD, AUD/USD)
28.04.2016
Analysis for April 28th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar is trying to rebound from the 6/8 level. If it succeeds, the market may resume moving downwards. After the pair stays under Super Trends, bears will return to the market.
At the H1 chart, bulls have stopped at the 4/8 level. Yesterday the pair rebounded from this level, so this time it may also start a new descending movement from this level. If later the market breaks Super Trends, I’m planning to start selling.
AUD USD, “Australian Dollar vs US Dollar”
After Australian Dollar rebounded from the 8/8 level and started falling, Super Trends formed “bearish cross”. If the price is able to stay below the 5/8 level, the market will continue moving downwards. In this case, the target will be at the 3/8 one.
At the H1 chart, the pair has rebounded from the H1 Super Trend and right now is trying to stay below the 2/8 level, which means that it may start falling. After the price breaks the 0/8 level, the next target will be at the -2/8 one, which later may be broken as well.
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