Murrey Math Lines 25.05.2016 (EUR/USD, USD/CHF)
25.05.2016
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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