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Murrey Math Lines 13.04.2015 (EUR/USD, AUD/USD)

Analysis for April 13th, 2015

EUR USD, “Euro vs US Dollar”

The market continues reaching new lows. Earlier, Eurodollar rebounded from the 6/8 level several times. Last week, Super Trends formed “bearish cross”, this is why I’m still holding my sell orders.

As we can see at the H1 chart, after testing the -2/8 level the price may start a local correction. Super Trends provide support. If the price breaks the -2/8 level, the lines at the chart will be redrawn.

AUD USD, “Australian Dollar vs US Dollar”

Finally, Australian Dollar was supported by the daily Super Trend and the 2/8 level. The closest target is still at the -2/8 level. After reaching it, the pair may start a new correction.

At the H1 chart, the pair is moving at the bottom. If later the market is able to stay below the 0/8 level, I’m planning to open another sell order. The closest target is at the -2/8 level; after the pair breaks it, the lines at the chart will be redrawn again.

RoboForex Analytical Department

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