Murrey Math Lines 17.09.2015 (EUR/USD, GBP/JPY)
17.09.2015
Analysis for September 17th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar continues moving in the middle of the chart between Super Trends. I’m planning to open another sell order as soon as the price breaks the 4/8 level and stays below it. The closest target is at the 2/8 level.
As we can see at the H1 chart, the pair is trying to enter “oversold zone”. Super Trends provide support. I’m planning to increase my position after the price breaks the 0/8 level and stays below it.
GBP JPY, “Great Britain Pound vs Japanese Yen”
At the H4 chart, the pair is moving in the middle. Earlier, Super Trends formed “bullish cross”. I’m holding two buy order. The closest target is at the 5/8 level. After reaching it, the market may start a local descending correction.
At the H1 chart, the pair is getting close to the 8/8 level. If bulls are able to break this level, the price may continue growing to reach the +2/8 one. If this level is broken as well, the lines at the chart will be redrawn.
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