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Murrey Math Lines 13.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair rebounded from the daily Super Trend, which means that the price may resume falling. The closest target for bears is at the 0/8 level.

As we can see at the H1 chart, the pair failed to fix above the 7/8 level and may resume moving downwards. It’s highly likely that in the nearest future the market may continue falling to reach the 3/8 level.

 

USD CHF, “US Dollar vs Swiss Franc”

In case of the USD/CHF pair, the daily Super Trend and the 4/8 level provided support. To confirm a new ascending movement, the price has to break the H4 Super Trend and the 5/8 level.

At the H1 chart, the pair rebounded from the 0/8 level. In the nearest future, the market may grow towards the 4/8 level. After reaching this level, the price may start a local descending correction.

 

RoboForex Analytical Department

 



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