Murrey Math Lines 27.04.2017 (EUR/USD, USD/CHF)
EUR USD, “Euro vs US Dollar”
Yesterday, the EUR/USD pair rebounded from the 6/8 level and right now is already moving above the H4 Super Trend. As a result, in the nearest future the market may grow towards the 8/8 level. After reaching it, the price may start a new descending correction.
The lines at the H4 and H1 charts are completely the same. If the price stays above Super Trends, the pair may reach a new local high. The future scenario depends on how the market will move at the 8/8 level.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair rebounded from the H4 Super Trend and fixed below the 3/8 level. Consequently, later the price my break the previous low and test the 2/8 level. After reaching it, the pair may start a new bullish correction.
At the H1 chart, Super Trends are still influenced by “bearish cross”. Considering that earlier the pair rebounded from the 6/8 level, in the future it may fall towards the 4/8 one.
RoboForex Analytical Department
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.