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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 25.05.2016 (EUR/USD, USD/CHF)
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Murrey Math Lines 25.05.2016 (EUR/USD, USD/CHF)


Analysis for May 25th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar continues falling inside the “oversold zone”. Earlier, Super Trends formed “bearish cross”. The closest target is at the -2/8 level. If the market breaks it, the lines at the chart will be redrawn.

At the H1 chart, the price has rebounded from the 1/8 level, which means that it may start a new local correction. If later Eurodollar rebounds from the H1 Super Trend and the 2/8 level, it may resume falling and reach the 0/8 level.

USD CHF, “US Dollar vs Swiss Franc”

Franc is quite steadily moving inside the “overbought zone”; bulls are supported by Super Trends. In the nearest future, the market may continue growing towards the +2/8 level.

At the H1 chart, the price is also moving at the top. If the price stays above the +1/8 level during the day, it may continue growing. After the pair breaks the +2/8 level, the lines at the chart will be redrawn.

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