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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 23.05.2016 (EUR/USD, USD/CHF)
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Murrey Math Lines 23.05.2016 (EUR/USD, USD/CHF)

23.05.2016

Analysis for May 23rd, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is still moving inside the “oversold zone”. If the price rebounds from the 0/8 level and the H4 Super Trend during the day, it may resume its descending movement. In this case, the closest target will be at the -2/8 level.



At the H1 chart, the price is also moving below the 0/8 level. On Monday, Eurodollar may resume falling and break the -1/8 level. If later the pair breaks the -2/8 level, the lines at the chart will be redrawn.




USD CHF, “US Dollar vs Swiss Franc”

In case of Franc, the uptrend continues; bulls are supported by the H4 chart. On Monday, the price may resume growing towards the 8/8 level.



At the H1 chart, the price is moving at the bottom. The market is trying to rebound from the 2/8 level. If later the pair breaks the 3/8 level, the next target for bulls will be at the 4/8 one.



 
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