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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Analysis of Murray's levels for EUR/USD and GBP/USD on 19.07.2016
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Analysis of Murray's levels for EUR/USD and GBP/USD on 19.07.2016

19.07.2016
Analysis of Murray's level on July 19, 2016

EUR USD "Euro to US Dollar"


Analysis of Murray's levels for EUR USD "Euro to US Dollar" on July 19, 2016

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 is possible.



Analysis of Murray's levels for EUR USD "Euro to US Dollar" on July 19, 2016

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 is possible.



GBP USD "British Pound to US Dollar"

Analysis of Murray's levels for GBP USD "British Pound to US Dollar" on July 19, 2016

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.



Analysis of Murray's levels for GBP USD "British Pound to US Dollar" on July 19, 2016

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.

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