Analysis of Murray levels for EUR/USD and GBP/USD on March 7, 2016

07.03.2016
Analysis of Murray levels on March 7, 2016

EUR USD "Euro to US Dollar"


Analysis of Murray levels for EUR USD "Euro to US Dollar" on March 7, 2016

Euro-Dollar pair couldn’t fix above the level 2\8 from the first attempt. Earlier, the price has formed pullback from the mark 1\8, that indicated the possible beginning of the correction. It is quite likely, that further we will see the growth toward the 3\8 that will be confirmed by the formation of the Bullish Cross with the SuperTrends lines.



Analysis of Murray levels for EUR USD "Euro to US Dollar" on March 7, 2016

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 4\8. If further euro fix above the 5\8 then the goal will be the line 8\8.



GBP USD "British Pound to US Dollar"

Analysis of Murray levels for GBP USD "British Pound to US Dollar" on March 7, 2016

After the SuperTrends lines has formed the Bullish Cross, Euro fix above the level 4\8. If price forms pullback from this level, the further increasing of the quotations toward the 6\8 will be possible.



Analysis of Murray levels for GBP USD "British Pound to US Dollar" on March 7, 2016

On the 1 hour chart, the price is trading in the "overbuying area". In case of pullback from the mark 8\8, the price can resume its growth. As soon the market fix above the SuperTrend line, the possibility of level +2\8 breakage will increase sufficiently.
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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.