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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 20.07.2016
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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"


Analysis of Murray's level for EUR USD "Euro to US Dollar" on July 20, 2016

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.



Analysis of Murray's level for EUR USD "Euro to US Dollar" on July 20, 2016

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"

Analysis of Murray's level for GBP USD "British Pound to US Dollar" on July 20, 2016

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.



Analysis of Murray's level for GBP USD "British Pound to US Dollar" on July 20, 2016

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.

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