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Murrey Math Lines 16.11.2015 (EUR/USD, NZD/USD)

Analysis for November 16th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is trying to stay inside “oversold zone” under the 0/8 level; the price is supported by the H4 Super Trend. It looks like the market is going to continue falling on Monday. The target is at the -2/8 level.

At the H1 chart, Eurodollar is also moving at the bottom; Super Trends have formed “bearish cross”. probably, later the price may break the -2/8 level. In this case, the lines at the chart will be redrawn.

NZD USD, “New Zealand Dollar vs US Dollar”

New Zealand Dollar has rebounded from the H4 Super Trend. The closest target is at the 0/8 level. If it provides resistance, the market may start an ascending correction.

At the H1 chart, the pair may break the 0/8 level on Monday. If it succeeds, the market will continue falling towards the -2/8 level.

RoboForex Analytical Department

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