Analysis of Murray's level on July 19, 2016
EUR USD "Euro to US Dollar"
After pullback from daily SuperTrend line, Euro-US Dollar returned to descending. Because price fixed below mark 2/8
, then in the short terms, further market downtrend to level -2/8
On 1 hour chart, SuperTrends formed "bearish cross", but still the pair is traded between indicators' lines. Along with that, because price fixed below mark 3/8
, soon descending to level 0/8
GBP USD "British Pound to US Dollar"
On 1 hour chart, hitch of the pair to the top was stopped by mark 3/8
, from which row of pullbacks to the down was happened. So, if market fixes below level 2/8
and SuperTrends lines, then resuming of descending is possible. The nearest bearish goal is mark 1/8
On 1 hour chart, SuperTrends lines formed "bearish cross". Because price formed pullback from level 6/8
, then further test of mark 2/8
is possible. In case of it breakage, more significant market descending is possible.