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Murrey Math Lines 26.03.2015 (EUR/USD, GBP/USD)

Analysis for March 26th, 2015

EUR USD, “Euro vs US Dollar”

The market continues testing the 6/8 level. Earlier the price started a correction from the 2/8 level, which means that the market may resume moving downwards. This is why I keep holding my sell order.



The lines at the H4 and H1 charts are completely the same. The pair hasn’t been able to stay above the 6/8 again. I’m planning to open another sell order as soon as the price breaks Super Trends and stays below them.




GBP USD, “Great Britain Pound vs US Dollar”

Pound is still consolidating. Earlier the price rebounded from the 4/8 level and right now is moving between Super Trends. If the market is able to stay below the 2/8 level, it may continue falling to break the 0/8 one.



The par is moving in the middle of the H1 chart close to the 4/8 level. It bears are able to break the 3/8 level and keep the price below it, the next target will be at the 0/8 one. I’m planning to move the stop loss to breakeven when the pair breaks a local low.



 
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