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Murrey Math Lines 08.09.2017 (USD/CHF, EUR/CHF)

USD CHF, “US Dollar vs Swiss Franc”

At the H4 chart, the USD/CHF pair is trading at the 3/8 level at 0.9460. The price is expected to break this level and then continue moving downwards to reach the 0/8 one at 0.9277.

At the H1 chart, the pair is expected to test the 3/8 level at 0.9491. The price may rebound from it and then continue falling towards 0.9277.

 

EUR CHF, “Euro vs Swiss Franc”

As we can see at the H4 chart, the EUR/CHF pair has rebounded from the resistance at the 8/8 level at 1.1474. Later, the price is expected to fall towards the 5/8 level at 1.1291.

At the H1 chart, the pair may test the 5/8 level at 1.1428, rebound from it, and then resume falling to reach 1.1291.

At the M15 chart, the pair has broken the downside line of the VoltyChannel indicator, which means that it may continue moving downwards.

 

RoboForex Analytical Department

 



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