Murrey Math Lines 26.04.2017 (EUR/USD, USD/CAD)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair finally managed to fix above the 7/8 level. As a result, in the nearest future the market may test the 8/8 level. If later the pair rebounds from this level, the pair may be corrected towards the 6/8 one.

The lines at the H4 and H1 charts are completely the same. The current growth is supported by Super Trends. In the future, the market may reach the 8/8 level and start a new bearish correction.

USD CAD, “US Dollar vs Canadian Dollar”

The USD/CAD pair rebounded from the 8/8 level, which means that it may start a new correction. The closest target for bears is at the 4/8 level. After reaching it, the market may resume moving upwards.

At the H1 chart, the pair is trading between Super Trends. To confirm a new descending correction, the price has to has to fix below them. During the next several days, the market may fall towards the 4/8 level.

RoboForex Analytical Department