RoboForex - Analytics

RoboForex

907.00 5.50/10
77% of positive reviews
Real
How to join the service?

Murrey Math Lines 12.05.2015 (EUR/USD, EUR/JPY)

Analysis for May 12th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still moving between Super Trends. Possibly, the pair may test the 3/8 level during Tuesday. If the price breaks this level, the current correction may continue towards the 2/8 one.



As we can see at the H1 chart, the pair is trying to stay below the 3/8 level. Earlier, Super Trends formed “bearish cross”. If the price rebounds from the current levels, it will move towards the 0/8 one to test it.




EUR JPY, “Euro vs Japanese Yen”

The pair has rebounded from the 7/8 level and may start a correction. The closest target is at the daily Super Trend: if the price breaks it, it will continue falling much deeper. In this case, the target will be at the 4/8 level.



At the H1 chart, the pair is attempting to find support from the H1 Super Trend and the 4/8 level. Considering that earlier the price rebounded from the 6/8 level, the next target for bears is at the 2/8 one. I’m planning to move the stop loss on my current sell order to breakeven as soon as the market starts moving downwards.



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Live Account.


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree