Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Murray math lines and forecasts / Murrey Math Lines 03.11.2016 (EUR/USD, EUR/JPY)
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




Murrey Math Lines 03.11.2016 (EUR/USD, EUR/JPY)

03.11.2016

Analysis for November 3rd, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair rebounded from the 6/8 level. Taking into account that earlier the price had rebounded from the 2/8 level, in the nearest future the local correction may take place. The closest target for bears is at the 5/8 level.



At the H1 chart, the pair couldn’t stay inside the “overbought zone” after all. If later the price is able to fix below the H1 Super Trend, the market may start a new correction towards the 6/8 level.




EUR JPY, “Euro vs Japanese Yen”

The EUR/JPY pair is moving below Super Trends, which may soon form “bearish cross”. If they do, the market will continue falling to reach the 2/8 level.



At the H1 chart, the current decline was stopped by the 4/8 level and the pair starts a new local correction. Possibly, on Thursday bears may try to test the 3/8 level. If they break it, the market may continue falling to test the 2/8 one.



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.

Attention!

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.