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Murrey Math Lines 23.07.2015 (EUR/USD, NZD/USD)

Analysis for July 23rd, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still being corrected; the price is supported by the daily Super Trend and the 2/8 level.  If the pair rebounds from these levels, it may resume moving downwards to reach the 0/8 one.

At the H1 chart, the price is moving in the middle. If the price rebounds from the 4/8 level in the nearest future, bears will return to the market. After the pair stays below Super Trend, I’m planning to open an additional sell order.

NZD USD, “New Zealand Dollar vs US Dollar”

New Zealand Dollar is still being corrected. If the price is able to break Super trends downwards, it may resume falling. The closest target is at the 0/8 level.

At the H1 chart, the current correction faced resistance from the 7/8 level: if the price rebounds from it, the market may start falling again. I’m planning to open another sell order as soon as the pair stays below the H1 Super Trend.

RoboForex Analytical Department

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