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Murrey Math Lines 02.05.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is still consolidating near the 7/8 level. If later the price fixes below this level, the market may start a new descending correction towards the 5/8 level and the daily Super Trend.

At the H1 chart, the pair is testing the 6/8 level, which provided resistance several times in the past. If the price fails to fix above this level again, the market will start a new bearish correction.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is trying to fix above the 3/8 level. If bulls keep the price above this level, the market will start a short-term growth to reach the 4/8 level and the daily Super Trend.

At the H1 chart, the pair is consolidating in the middle. Considering that earlier the price rebounded from the 1/8 level, it is expected to resume growing and reach the 7/8 one.

 

RoboForex Analytical Department

 



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