Analysis of Murray levels on March 7, 2016
EUR USD "Euro to US Dollar"
Euro-Dollar pair couldn’t fix above the level 28
from the first attempt. Earlier, the price has formed pullback from the mark 18
, that indicated the possible beginning of the correction. It is quite likely, that further we will see the growth toward the 38
that will be confirmed by the formation of the Bullish Cross with the SuperTrends lines.
On the 1 hour chart, the market is trading in the middle of levels construction. The confirmation of growth resuming will be the price comeback above the mark 48
. If further euro fix above the 58
then the goal will be the line 88
GBP USD "British Pound to US Dollar"
After the SuperTrends lines has formed the Bullish Cross, Euro fix above the level 48
. If price forms pullback from this level, the further increasing of the quotations toward the 68
will be possible.
On the 1 hour chart, the price is trading in the "overbuying area". In case of pullback from the mark 88,
the price can resume its growth. As soon the market fix above the SuperTrend line, the possibility of level +28
breakage will increase sufficiently.