Murrey Math Lines 20.01.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is still consolidating below the 4/8 level. In the nearest future, the price may reach a new local high, but later bears may try to test the daily Super Trend.

At the H1 chart, the pair rebounded from the 7/8 level, but may test it one more time. If this level provide resistance again, the market may resume falling towards the 2/8 one.

USD CHF, “US Dollar vs Swiss Franc”

Earlier, the USD/CHF pair rebounded from the channel’s downside border and the 4/8 level, which means that it may resume moving upwards. Consequently, in the nearest future the market may test the 6/8 level and the daily Super Trend.

As we can see at the H1 chart, the 0/8 level provide resistance and the pair started a short-term growth. On Friday, the price may test the 1/8 level once again. In case it rebounds from this level, the market may resume growing. The closest target is at the 4/8 level.

RoboForex Analytical Department