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Murrey Math Lines 28.07.2015 (EUR/USD, GBP/JPY)

Analysis for July 28th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has rebounded from the 3/8 level, which means that the price may resume moving downwards. I’m planning to open another sell order as soon as the pair is able to stay below Super Trends. Probably, the market may test the 0/8 level quite soon.



At the H1 chart, the price has rebounded from the 8/8 level twice. It’s very likely that Super Trends may form “bearish cross” in the nearest future. During Tuesday, the market may reach the 4/8 level.




GBP JPY, “Great Britain Pound vs Japanese Yen”

The pair is moving in the middle of the chart. The price is trying to stay above Super Trends, which are now in “green zone” again. In the nearest future, the market may continue growing towards the 6/8 level.



As we can see at the H1 chart, Super Trends have formed “bullish cross”. it’s very likely that the pair may reach the 8/8 level in the nearest future. After breaking this level, the price may continue growing inside “overbought zone”.



 
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