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Murrey Math Lines 03.11.2015 (EUR/USD, SILVER)

Analysis for November 3rd, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still being corrected between Super Trends. Possibly, on Tuesday the pair may test the previous high. If the price rebound from it and stays below the 0/8 level, I’m planning to increase my position.

At the H1 chart, Eurodollar is moving in the middle. If the pair breaks the 4/8 level and Super Trends and to stays below them, the market will resume moving downwards. After the pair breaks the 3/8 level, it will continue falling towards the 0/8 one.

XAG USD, “Silver vs US Dollar”

Silver has left “overbought zone” and Super Trends have formed “bearish cross”. The closest target is at the 6/8 level. If the price breaks it, the pair will continue falling much deeper.

At the H1 chart, the price is moving inside “oversold zone”. Earlier, Super Trends formed “bearish cross”. It’s highly likely that in the nearest future the instrument may break the -2/8 level. In this case, the lines at the chart will be redrawn.

RoboForex Analytical Department

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