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Murrey Math Lines 08.10.2015 (EUR/USD, USD/CHF)

Analysis for October 8th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still moving sideways. If later the pair breaks the 4/8 level and stays below it, the market will resume moving downwards. I’m holding a pending sell order.

At the H1 chart, the pair is testing the 6/8 level. If the price rebounds from it, the market will resume falling. In this case, the next target will be at the 4/8 level.

USD CHF, “US Dollar vs Swiss Franc”

Franc is also consolidating. The pair is supported by the daily Super Trend; the price has rebounded from it again.  I’m planning to open another buy order after the price stays above the 7/8 level.

At the H1 chart, the pair has been supported by the 5/8 level. It’s highly likely that in the nearest future the market may try to test the 8/8 level. If the pair breaks this level, it may continue growing towards the 2/8 one.

RoboForex Analytical Department

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