Analysis of Murray's levels for EUR/USD and GBP/USD on 12.07.2016
12.07.2016
Analisys of Murray's levels on July 12, 2016
EUR USD "Euro to US Dollar"
For Euro US Dollar pair, correction is continuing its formation. Price tests again stiffness of mark 2/8. If later pullback comes from that mark and price fix under 4 hour SuperTrend line, then it will point out possibility of resuming of declining toward level -2/8.
On 1 hour chart, market tries to form pullback from Murray's mark 4/8. If price does not fix above that level and under SuperTrends lines, then beginning of new coil of the pair declining is possible. In this case, the nearest goal is level 0/8, breakage of which will open the prospect of deeper market's declining.
GBP USD "British Pound to US Dollar"
Apparently, in the nearest time Pound will test SuperTrend line and Murray's mark 2/8. In case pullback from these levels, resuming of declining and further test of mark 0/8 are possible and further beginning of upward correction from that mark is possible as well.
On 1 hour chart, the pair comes to 4/8. If later pullback forms from that mark and price fix under level 3/8 it will point out possibility of bears returning to the market that will be confirmed by breakage of SuperTrend lines.
EUR USD "Euro to US Dollar"
For Euro US Dollar pair, correction is continuing its formation. Price tests again stiffness of mark 2/8. If later pullback comes from that mark and price fix under 4 hour SuperTrend line, then it will point out possibility of resuming of declining toward level -2/8.
On 1 hour chart, market tries to form pullback from Murray's mark 4/8. If price does not fix above that level and under SuperTrends lines, then beginning of new coil of the pair declining is possible. In this case, the nearest goal is level 0/8, breakage of which will open the prospect of deeper market's declining.
GBP USD "British Pound to US Dollar"
Apparently, in the nearest time Pound will test SuperTrend line and Murray's mark 2/8. In case pullback from these levels, resuming of declining and further test of mark 0/8 are possible and further beginning of upward correction from that mark is possible as well.
On 1 hour chart, the pair comes to 4/8. If later pullback forms from that mark and price fix under level 3/8 it will point out possibility of bears returning to the market that will be confirmed by breakage of SuperTrend lines.
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.