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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 08.04.2016 (EUR/USD, USD/CHF)
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Murrey Math Lines 08.04.2016 (EUR/USD, USD/CHF)


Analysis for April 8th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is still consolidating; bulls are supported by the H4 Super Trend and the 5/8 level. If the price rebounds from them upwards, it may continue moving upwards and reach the 7/8 level during the next week.

At the H1 chart, Eurodollar has rebounded from the 2/8 level several times. Super Trends are still influenced by “bullish cross”. If in the nearest future the price is able to stay above the 3/8 level, it may continue growing to reach the 4/8 one.

USD CHF, “US Dollar vs Swiss Franc”

After rebounding from the 2/8 level, Franc has started a new correction. In the future, the pair may test the H4 Super Trend. If the market rebounds from it, the price may resume its descending movement towards the 1/8 level.

At the H1 chart, Franc has rebounded from the 0/8 level and started a correction. During the day, the current flat may yet continue, but later the pair is expected to break the minimum and move towards the -2/8 level. If the price breaks this level, the lines at the chart will be redrawn.

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