Murrey Math Lines 30.11.2015 (EUR/USD, SILVER)
30.11.2015
Analysis for November 30th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still moving inside “oversold zone”. Last Friday, the pair rebounded from the H4 Super Trend once again. The closest target is at the -2/8 level. If the pair breaks it, the lines at the chart will be redrawn.
At the H1 chart, the price is trying to stay below the 3/8 level. If the pair succeeds, it may continue moving downwards. In this case, the closest target will be at the 0/8 level.
XAG USD, “Silver vs US Dollar”
At the H4 chart, Silver is still moving in the middle. It’s highly likely that in the nearest future the price may start falling towards the 3/8 level. If the price breaks this level and stays below it, the market may continue moving downwards much faster.
At the H1 chart, the price is trying to enter “oversold zone”. At the end of the last week, Super Trends formed “bearish cross”. If Silver is able to stay under the 0/8 level, it may continue falling.
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