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Murrey Math Lines 15.02.2016 (EUR/USD, GBP/JPY)

Analysis for February 15th, 2016

EUR USD, “Euro vs US Dollar”

At the H4 chart, Eurodollar is moving between Super Trend, which means that the market may start a new correction. The closest target for bears is at the 3/8 level. If they break it, the price will continue falling much deeper.



At the H1 chart, Super Trends have formed “bearish cross”. Earlier, the price rebounded from the 6/8 level and started a new correction. The closest target for sellers is at the 2/8 level. The future scenario depends on how the market will move at this level.




GBP JPY, “Great Britain Pound vs Japanese Yen”

The pair hasn’t been able to stay below the 4/8 level and right now is moving above the H4 Super Trend. Consequently, the pair may start an ascending correction. The closest target for bull is at the 6/8 level and the daily Super Trend.



At the H1 chart, Super Trends have formed “bullish cross”. Earlier, the pair rebounded from the -1/8 level. On Monday, the price may continue moving upwards to reach the 4/8 level.



 
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