Analysis of Murray levels on March 3, 2016
EUR USD "Euro to US Dollar"
Construction of levels on the 3 hour chart matches with day chart. Market is trading in the narrow range on the mark 18
for several days that indicates on the possible beginning of the correction. After correction completed, if the price return again under the line SuperTrend that will indicate the possibility of resuming of the sliding toward the level 08
On the 1 hour chart, the double pullback from Murray line -18
. It is not excluded that price will test the level 18
during the day, pullback from which will indicate the possible further sliding. The opposite is true as well: after the breakage of that mark price could form bigger upward correction.
USD CHF "US Dollar to Swiss Franc"
Franc correction is kept. Line of 4 hour SuperTrend and Murray mark 38
support the price. Further, resuming of growth toward the mark 58
On the 1 hour chart – market is trading in the top part of level’s construction. Earlier, lines of SuperTrends formed the "bullish cross". If price can fix above 88 that will be a signal to continuation of growth toward the +28