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Murrey Math Lines 14.01.2016 (EUR/USD, NZD/USD)

Analysis for January 14th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is moving above Super Trends again. It’s highly likely that in the nearest future the market may resume growing. The closest target for bulls is at the 3/8 level. If the pair rebounds from it, the price may start another correction.

At the H1 chart, Super Trends have formed “bullish cross”. If later the market breaks the 5/8 level and stays above it, the price will continue growing towards the 8/8 one.

NZD USD, “New Zealand Dollar vs US Dollar”

After rebounding from the H4 Super Trend, New Zealand Dollar is trying to stay under the 3/8 level. In the nearest future, the market may continue falling towards the 0/8 level.

The lines at the H4 and H1 charts are completely the same. The current decline is supported by Super Trends. If later the price rebounds from the 0/8 level, the pair may start another correction with the target at the 2/8 one.

RoboForex Analytical Department

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