Murrey Math Lines 30.09.2015 (EUR/USD, GBP/USD)
30.09.2015
Analysis for September 30th, 2015
EUR USD, “Euro vs US Dollar”
At the H4 chart, Eurodollar is still consolidating in the middle. If later the market breaks the 4/8 and 3/8 levels and stays below them, the price may resume moving downwards.
At the H1 chart, the price is moving close to the 4/8 level as well. If Super Trends form “bearish cross”, the market will resume moving downwards. After breaking the 2/8 level, the pair will continue falling towards the 0/8 one.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is attempting to break the 4/8 level. The pair is supported by Super Trends, which earlier formed “bearish cross”. The closest target is at the 2/8 level.
At the H1 chart, the pair is about to enter “oversold zone”. After the price breaks the 0/8 level, the next target will be at the -2/8 one. If this level is broken as well, the lines at the chart will be redrawn.
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