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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 15.04.2016 (EUR/USD, GBP/USD)
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Murrey Math Lines 15.04.2016 (EUR/USD, GBP/USD)


Analysis for April 15th, 2016

EUR USD, “Euro vs US Dollar”

Earlier, Eurodollar managed to stay under Super Trends, which may form “bearish cross” quite soon. If in the nearest future the price breaks the 4/8 level, the market will continue falling. In this case, the closest target will be at the 3/8 level.

At the H1 chart, Eurodollar has rebounded from the 0/8 level and may start an ascending correction. If later the price face resistance from the 2/8 level and rebounds from it, the pair will start a new descending movement.

GBP USD, “Great Britain Pound vs US Dollar”

At the H4 chart, the pair is moving in the middle. The price hasn’t been able to break the 3/8 level on the first try, but if later the pair manages to stay below this level after all, it may resume falling towards the 0/8 one.

The lines at the H4 and H1 charts are completely the same. Possibly, the current flat may continue on Friday. However, in the future the price may resume its decline and break the local minimum at the 3/8 level.

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