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Analysis of Murray's level for EUR/USD, and AUD/USD on 16.09.2016

Analysis of Murray's level on September, 2016

EUR/USD "Euro vs US Dollar"

Analysis of Murray's level for EUR/USD on 16.09.2016

Euro-US Dollar keeps going with consolidation near the SuperTrend lines. Earlier we have seen a bouncing from the mark 5/8, which gives us a hint on possible further price descending. The nearest bearish target is the level at 3/8.

Analysis of Murray's level for EUR/USD on 16.09.2016

On 1 hour chart market shows pretty much the same dynamic near the middle of Murray indication formation. If we saw this pair breaking and settled below the mark 4/8, then that might lead to the local price descending towards the level at 2/8. And if we saw this level be broken as well there more serious drop might be expected.

AUD USD "Australian dollar vs US Dollar"

Analysis of Murray's level for AUD/USD on 16.09.2016

After double bouncing from the level at 2/8 there is a correction for Aussie. If the market kept its position below the mark at 3/8 and 4 hours SuperTrend line, then we would expect at the first place a downward movement towards the mark 0/8.

Analysis of Murray's level for AUD/USD on 16.09.2016

On 1 hour chart market is traded near the mark at 2/8 and SuperTrend lines. So that if currency pair managed to come back and settled below those levels, then we would expect the start of another iteration for price descending with a target at the mark 2/8 as the nearest one.

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