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Murrey Math Lines 25.05.2015 (EUR/USD, GBP/USD)

Analysis for May 25th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar continues moving downwards. Last week, Super Trends formed “bearish cross”. Considering that the price has broken the 2/8 level, it may continue falling towards the 1/8 one at least.



As we can see at the H1 chart, the price is trying to stay inside “oversold zone”. Bears are supported by the H1 Super Trend, which the pair has rebounded from. Possibly, the market may test the -2/8 level during the day.




GBP USD, “Great Britain Pound vs US Dollar”

In case of Pound, Super Trends have formed “bearish cross”, which means that the current correction may yet continue. The first target is at the 6/8 level. If the pair breaks this level, it may continue falling much deeper.



At the H1 chart, the pair is moving at the bottom and supported by the H1 Super Trend. Considering that the price is already moving below the 3/8 level quite steadily, in the future it may reach the 0/8 one and test it.



 
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