Analysis of Murray's levels for EUR/USD and GBP/USD on 20.07.2016
20.07.2016
Analysis of Murray's levels on July 20, 2016
EUR USD "Euro to US Dollar"
Euro to US Dollar pair after pullback from daily SuperTrend approached to mark 0/8. If for the short term price breaks this level and fixes bellow it, further descending of quotations towards line -2/8 will be possible.
On 1 hour chart, market approached too to mark 0/8, from which development of local correction is possible. If further we see pullback from the nearest SuperTrend line, that will indicate on possible continuation of price reduction.
GBP USD "British Pound to US Dollar"
Price broke SuperTrends lines that formed "bearish cross". Earlier pullback from Murray's mark 3/8 was formed. So, for the short term, further market drop towards level 0/8 is possible.
On 1 hour chart, price is traded bellow SuperTrends lines. If further price fixes bellow mark 2/8, that will be a signal to resuming of descending. The nearest target for bears is mark 0/8.
EUR USD "Euro to US Dollar"
Euro to US Dollar pair after pullback from daily SuperTrend approached to mark 0/8. If for the short term price breaks this level and fixes bellow it, further descending of quotations towards line -2/8 will be possible.
On 1 hour chart, market approached too to mark 0/8, from which development of local correction is possible. If further we see pullback from the nearest SuperTrend line, that will indicate on possible continuation of price reduction.
GBP USD "British Pound to US Dollar"
Price broke SuperTrends lines that formed "bearish cross". Earlier pullback from Murray's mark 3/8 was formed. So, for the short term, further market drop towards level 0/8 is possible.
On 1 hour chart, price is traded bellow SuperTrends lines. If further price fixes bellow mark 2/8, that will be a signal to resuming of descending. The nearest target for bears is mark 0/8.
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.