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Murrey Math Lines 27.04.2015 (EUR/USD, NZD/USD)

Analysis for April 27th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is trying to stay below the 5/8 level. If later the pair breaks Super Trends, it may continue falling towards the 3/8 level and even break it. In this case, the target will be at the 0/8 level. I’m holding my buy order with the stop loss in breakeven in case the correction continues.

At the H1 chart, the pair is moving between Super trends, below the 6/8 level. Possibly, in the nearest future the price may try to test the 4/8 level. If bears break it, they will continue pushing the price towards deeper lows.

NZD USD, “New Zealand Dollar vs US Dollar”

After rebounding from the 7/8 level several times, New Zealand Dollar is moving between Super Trends. Probably, in the nearest future the market may reach the 4/8 level. If it breaks this level, the pair will continue falling much deeper.

As we can see at the H1 chart, Super Trends are still influenced by “bearish cross”. The closest target is at the 1/8 level. As soon as the market starts falling, I will move the stop loss on my current order to breakeven. Later, I’m planning to increase my position.

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