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Murrey Math Lines 27.04.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar”

Yesterday, the EUR/USD pair rebounded from the 6/8 level and right now is already moving above the H4 Super Trend. As a result, in the nearest future the market may grow towards the 8/8 level. After reaching it, the price may start a new descending correction.

The lines at the H4 and H1 charts are completely the same. If the price stays above Super Trends, the pair may reach a new local high. The future scenario depends on how the market will move at the 8/8 level.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair rebounded from the H4 Super Trend and fixed below the 3/8 level. Consequently, later the price my break the previous low and test the 2/8 level. After reaching it, the pair may start a new bullish correction.

At the H1 chart, Super Trends are still influenced by “bearish cross”. Considering that earlier the pair rebounded from the 6/8 level, in the future it may fall towards the 4/8 one.

 

RoboForex Analytical Department

 



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