Murrey Math Lines 09.07.2015 (EUR/USD, GBP/USD)
09.07.2015
Analysis for July 9th, 2015
EUR USD, “Euro vs US Dollar”
Euro is being corrected between Super Trends. The price is supported by the 3/8 level. After the pair is able stay below the 2/8 level, it will continue falling towards the 0/8 level.
As we can see at the H1 chart, Super Trends formed “bullish cross” during the local correction. However, if later the pair breaks them downwards again, the market will resume falling. In this case, the target will be at the 0/8 level.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues falling quite steadily. The pair has rebounded from the H4 Super Trend, which means that it may continue moving downwards. The closest target is at the 1/8 level. If the price breaks this level, it will fall much deeper.
At the H1 chart, the pair is moving between Super Trends. Probably, the market may resume falling inside “oversold zone” towards the -2/8 level during Thursday.
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