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Murrey Math Lines 04.03.2017 (EUR/USD, AUD/USD)

EUR USD, “Euro vs US Dollar”

At the daily chat, the EUR/USD pair rebounded from the 1/8 level several times and, as a result, started the current correction. However, the price couldn’t fix above the 4/8 level and right now is moving below the daily Super Trend. If the pair stays below it, the market may test the 2/8 level once again.

As we can see at the H4 chart, on Friday the pair rebounded from the 4/8 level twice and, as a result, started growing quickly. However, if the price rebounds from the 6/8 level, bears may try to reverse the pair and push it towards the 2/8 one.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair rebounded several times from the 7/8 level, which provided resistance earlier. If the price fixes below the 6/8 level, the market will continue falling towards the 5/8 one.

At the H4 chart, Super Trends formed “bearish cross”. If the price stays below the 5/8 level next Monday, later the pair may start a new decline towards the 0/8 one.

 

RoboForex Analytical Department

 



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