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Murrey Math Lines 03.04.2015 (EUR/USD, GBP/USD)

Analysis for April 3rd, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still being corrected; the market hasn’t been able to stay below Super Trends. If later the pair is able to stay below the 3/8 level, it will continue falling towards the 0/8 one.



At the H1 chart, the pair is being corrected and this is why Super Trends have formed “bullish cross”. possibly, the pair may test the 3/8 level; if it rebounds from this level, the price may resume falling. I’m planning to increase my short position after the market breaks Super Trends downwards.




GBP USD, “Great Britain Pound vs US Dollar”

Pound has been able to stay below the H4 Super Trend and the 2/8 level. In the nearest future, the pair may break the 0/8 level and then test the -1/8 one, which may later become the starting point of a new short-term correction.



The pair is moving at the bottom of the H1 chart. If the price is able to stay below the 2/8 level, it may continue falling and return to “oversold zone”. If later the price breaks the -2/8 level, the lines at the chart will be redrawn.



 
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