Analysis of Murray's levels on July 15, 2016
EUR USD "Euro to US Dollar"
Euro-US Dollar pair formed pullback from daily SuperTrend, slightly went away from mark 3/8
. It is quite likely that in the short terms there will be resuming of descending that will be confirmed by price fixing below 4 hour SuperTrend.
On 1 hour chart, double pullback was formed from mark 5/8
that indicates on possibility of bears returning to market. The nearest goal is level 2/8
, breakage of which will open the way for further pair descending.
GBP USD "British Pound to US Dollar"
Bulls got resist on Murray's mark 3/8
, recently from which there was pullback. In the short term, new coil of the pair descending is possible that will be confirmed by breakage and price fixing below SuperTrends lines.
On 1 hour chart, double pullback from mark 6/8
was formed. Upon market fixes below SuperTrends lines, the pair descending movement towards mark 2/8
will be possible.