Murrey Math Lines 10.08.2015 (EUR/USD, NZD/USD)
10.08.2015
Analysis for August 10th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is trying to rebound from the daily Super Trends and the 4/8 level. I’m planning to open another sell order as soon as the price is able to stay below the 3/8 level. In case the current correction continues, the market tests the 4/8 level once again and rebounds from it, I’ll open one more order.
At the H1 chart, the price is moving between Super Trends, which may form “bearish cross” soon. In this case, the pair may resume falling. It’ highly likely that the market may reach new lows in the nearest future.
NZD USD, “New Zealand Dollar vs US Dollar”
New Zealand Dollar has rebounded from the daily Super Trend, and right now is trying to stay below the 4/8 level. If later the pair breaks the 3/8 level, the market will continue falling much lower towards the 0/8 one.
At the H1 chart, the market is also moving in the middle. So far, I’m holding one sell order with the stop loss in breakeven. If later the price stays below the 3/8 level, I’ll increase my short position.
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