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Murrey Math Lines 24.11.2015 (EUR/USD, SILVER)

Analysis for November 24th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has been able to stay inside “oversold zone”. If the price is able to rebound from the H4 Super Trend, it will resume falling. In this case, the target will be at the -2/8 level. If the market breaks it, the lines at the chart will be redrawn.



At the H1 chart, the correction has faced resistance from the 1/8 level. Earlier, Super Trends formed “bearish cross”. Consequently, if the price rebounds from the current levels, the market may start a new decline.




XAG USD, “Silver vs US Dollar”

At the H4 chart, Silver is moving in the middle. If the price is able to stay under the H4 Super Trend, it may start falling towards the 3/8 level. If the price breaks this level and stays below it, the market may continue moving downwards much deeper.



At the H1 chart, the price is moving at the bottom, between Super Trends. If Silver is able to stay under the 0/8 level, it may resume falling. In this case, the target will be at the -2/8 level.



 
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