Murrey Math Lines 27.11.2015 (EUR/USD, EUR/JPY)
27.11.2015
Analysis for November 27th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has rebounded from the H4 Super Trend once again and been able to stay below the -1/8 level. Consequently, in the nearest future the market may continue its descending movement to reach the -2/8 level. If the pair breaks it, the lines at the chart will be redrawn.
At the H1 chart, the price is moving in the middle. If the pair is able to stay below the 3/8 level, it may continue moving downwards. In this case, the closest target will be at the 0/8 level.
EUR JPY, “Euro vs Japanese Yen”
The pair reaches one new low after another. It’s highly likely that in the nearest future the price may break the 3/8 level and stay below it. The closest target is at 2/8 level; if it is broken, the market may continue falling much faster.
At the H1 chart, the pair is moving close to “oversold zone”. Earlier, the price rebounded from Super Trends several times. Most likely, in the nearest future the market may continue falling towards the -2/8 level.
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