Murrey Math Lines 15.10.2014 (EUR/USD, SILVER)
15.10.2014
Analysis for October 15th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar is trying to stay inside “oversold zone”. Earlier, the pair rebounded from the daily Super Trend twice. The closest target is at the -2/8 level: after reaching it, the price may start a new correction.
At the H1 chart, Super Trends have formed “bearish cross”. If the pair is able to break the 6/8 level downwards and stay below it during the day, the market will falling towards the 4/8 one.
XAG USD, “Silver vs US Dollar”
After several rebounds from the daily Super Trend, Silver has broken the 0/8 level, thus allowing me to move the stop loss on my sell order to breakeven. It looks like the price is going to continue falling towards the -2/8 level in the nearest future.
As we can see at the H1 chart, Super Trends have formed “bearish cross”. Right now, Silver is moving in the middle of the chart, but if it breaks the 3/8 level, the market will continue falling. In this case, the target will be at the 0/8 level.
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