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Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 26.05.2016 (EUR/USD, USD/CHF)
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Murrey Math Lines 26.05.2016 (EUR/USD, USD/CHF)


Analysis for May 26th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is moving inside the “oversold zone”, near the -1/8 level. If the price stays below this level, it may resume falling. After the market breaks the -2/8 level, the lines at the chart will be redrawn.

At the H1 chart, the price got back to the 2/8 level during the current correction. If Eurodollar stays under this level during the day, it may continue moving downwards to reach the 0/8 level. After breaking it, the market may fall much deeper.

USD CHF, “US Dollar vs Swiss Franc”

Franc has rebounded from the +1/8 level and right now is trying to stay above the H4 Super Trend. As a result, in the nearest future the market may break its local high and reach the +2/8 level.

At the H1 chart, the price has rebounded from the 4/8 level. If later the price stays above the 5/8 level, it may continue growing towards the 8/8 one. If the pair rebounds from the 8/8 level, the market may start a new local correction.

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.