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Murrey Math Lines 07.02.2017 (EUR/USD, AUD/USD)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair broke the 8/8 level and fixed below it. Consequently, in the nearest future the market may test the daily Super Trend and the 6/8 level. If the price breaks these levels, it may continue moving downwards to reach the 4/8 one.

At the H1 chart, Super Trend formed “bearish cross”. If the pair stays below the 3/8 level, the market will continue falling towards the 0/8 level. After reaching the latter level, the price may start a new correction.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair rebounded from the 7/8 level twice, which means that it may start a new descending correction. As a result, in the nearest future the market may fall towards the daily Super Trend and the 6/8 level. The future scenario depends on how the price will move after reaching the above-mentioned levels.

As we can see at the H1 chart, the 4/8 level provided resistance. If later the price is able to fix below Super Trends, the pair may continue falling towards the 0/8 level. After reaching this level, the market may start a new local correction.

 

RoboForex Analytical Department

 



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