Murrey Math Lines 01.07.2015 (EUR/USD, NZD/USD)
01.07.2015
Analysis for July 1st, 2015
EUR USD, “Euro vs US Dollar”
At the H4 chart, the pair has rebounded from the 4/8 level once again. Super Trends are still influenced by “bearish cross”. If the price is able to stay below the 3/8 level, it will continue falling towards the 0/8 one.
As we can see at the H1 chart, the price is moving between Super Trends. I’m planning to open another sell order as soon as the pair is able to stay below the 2/8 level. The closest target is at the -2/8 level: if the pair breaks it, the lines at the chart will be redrawn.
NZD USD, “New Zealand Dollar vs US Dollar”
At the H4 chart, New Zealand Dollar is being corrected inside “oversold zone”; bears are supported by Super Trends. Probably, the market may reach a new local low during Wednesday.
At the H1 chart, the market is trying to find support from the 3/8 level. Super Trends are still influenced by “bearish cross”. It looks like the market may break the 0/8 level very soon and then continue falling to test the -2/8 one.
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