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 08.07.2016 (EUR/USD, GBP/USD)
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 08.07.2016 (EUR/USD, GBP/USD)


Analysis for July 8th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar has successfully fixed under the H4 Super Trend. Earlier, the pair rebounded from the 2/8 level, which means that it may resume falling. The closest target is at the -2/8 level. if it is broken, the lines at the chart will be redrawn.

As we can see at the H1 chart, the pair may test the 4/8 level once again. If it happens and the price rebounds from this level, the market will resume moving towards the 0/8 one.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is still moving under the H4 Super Trend; earlier, the pair rebounded from it several times. In the nearest future, the price may continue its descending movement towards the 0/8 level. If the market rebounds from this level, the pair may start an ascending correction.

As we can see at the H1 chart, the pair may test the H1 Super Trend during the day. If the price rebounds from this level and then stays under the 2/8 one, the market may resume moving downwards to reach the 0/8 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.


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.