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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)

26.05.2016

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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