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Murrey Math Lines 11.11.2015 (EUR/USD, SILVER)

Analysis for November 11th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has started another correction. If the price is able to stay below the 0/8 level, it may resume its decline. In this case, the next target for bears will be at the -2/8 level: if they break it, the lines at the chart will be redrawn.

At the H1 chart, Eurodollar is also moving at the bottom. Super Trends are still influenced by “bearish cross”.  I’m planning to increase my short position as soon as the pair stays under the 0/8 level.

XAG USD, “Silver vs US Dollar”

Silver continues falling actively. Earlier, Super Trends formed “bearish cross”. If the price is able to stay below the 5/8 level, the market may resume moving downwards. The closest target is at the 4/8 level.

At the H1 chart, the price is moving between Super Trends. Earlier, the market was able to stay below the 3/8 level, which means that it may reach the 0/8 one. After that, the pair may start a local ascending correction.

RoboForex Analytical Department

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