Murrey Math Lines 23.09.2015 (EUR/USD, GBP/USD)
23.09.2015
Analysis for September 23rd, 2015
EUR USD, “Euro vs US Dollar”
At the H4 chart, Eurodollar has been able to stay below the 4/8 level and Super Trend have formed “bearish cross”. If later the market is able to break the 3/8 level and stay below it, the pair will continue moving downwards.
As we can see at the H1 chart, the price continue falling towards the 0/8 level. The pair is supported by Super Trends, which formed “bearish cross” earlier. I’m holding two sell orders and in the future planning to increase my short position.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has broken the daily Super Trend. If later the price is able to stay below it, the market will continue falling. The closest target is at the 0/8 level.
At the H1 chart, the pair has been able to stay below the 0/8 level and right now is moving inside “oversold zone”. It’s highly likely that in the nearest future the market may break the -2/8 level. In this case, the lines at the chart will be redrawn.
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