Murrey Math Lines 01.04.2015 (EUR/USD, GBP/USD
01.04.2015
Analysis for April 1st, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is moving in the middle of the H4 chart. Earlier the market was able to stay below Super Trends, which may form “bearish cross” in the nearest future. The pair will continue falling as soon as the pair is able to stay below the 3/8 level.
As we can see at the H1 chart, the pair is trying to break the 0/8 level; bears are supported by Super Trends. Probably, in the future the price may continue falling inside “oversold zone” towards the -2/8 level.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has been able to stay below the H4 Super Trend and the 2/8 level. In the nearest future, the pair may break the 0/8 level and then test the -1/8 one, which may later become the starting point of a new short-term correction.
The pair is moving at the bottom of the H1 chart. If the price is able to stay below the 0/8 level, it may continue falling inside “oversold zone”. If later the price breaks the -2/8 level, the lines at the chart will be redrawn.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.