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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murray levels analysis of EUR/USD and GBP/USD on 25.02.2016
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Murray levels analysis of EUR/USD and GBP/USD on 25.02.2016

25.02.2016
Murray levels analysis on 25 February 2016

EUR USD "Euro to US dollar"


Murray levels analysis EUR USD "Euro to US dollar" on 25 February 2016

The Eurodollar went into a correction and is trying to establish a retreat from the SuperTrend lines, which previously formed a "bearish cross". During the day, perhaps the resumption of decline to around 1/8. In the case of rebound from this level will probably start upward correction.



Murray levels analysis EUR USD "Euro to US dollar" on 25 February 2016

On the hourly chart the market did not manage to gain a foothold in the "oversold zone" below 0/8 at the first attempt. Subsequently, the price formed a retreat from the 2/8 level, which indicates the possibility of the resumption of decline in prices. The immediate target stands at the -2/8 line, the breakdown of which will lead to a renewal of build up of murray levels.



GBP USD "Pound to US dollar"

Murray levels analysis GBP USD "Pound to US dollar" on 25 February 2016

Earlier this week, SuperTrend lines formed a "bearish cross", which led to a significant reduction in prices. After the end of the current local correction, a resumption of decline is likely. The immediate goal appears to be the 0/8 mark.



Murray levels analysis GBP USD "Pound to US dollar" on 25 February 2016

Building of levels on both charts is the same. It is very likely that the price in the next few hours will be able to push off the line and resume the SuperTrend decline. Accordingly, soon a breakdown of the minimum and movement to the 0/8 mark is possible.

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