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Murrey Math Lines 09.03.2015 (EUR/USD, AUD/USD)

Analysis for March 9th, 2015

EUR USD, “Euro vs US Dollar”

Last Friday, Euro reached several new lows; the price is supported by Super Trends. Considering that the pair has broken the 3/8 level, it may continue falling towards the 0/8 one.

The lines at the H4 and H1 charts are completely the same. The target is still at the 0/8 level. Which may later become the starting point of a new correction. I’m planning to move stop losses on my sell orders to a new maximum after the price breaks the minimum.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has rebounded the 0/8 level and resumed the downtrend. After the price breaks the ‑1/8 level, the next target will be at the -2/8 one. I’m planning to open another sell order during a local correction.

The market is moving at the bottom of the H1 chart. Possibly, in the near term the pair may break the 0/8 level and continue falling inside “oversold zone”. If the market breaks the -2/8 level, the lines at the chart will be redrawn.

RoboForex Analytical Department

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