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Analysis of Murray levels for EUR/USD and GBP/USD on March 7, 2016

Analysis of Murray levels on March 7, 2016

EUR USD "Euro to US Dollar"


Analysis of Murray levels for EUR USD "Euro to US Dollar" on March 7, 2016

Euro-Dollar pair couldn’t fix above the level 28 from the first attempt. Earlier, the price has formed pullback from the mark 18, that indicated the possible beginning of the correction. It is quite likely, that further we will see the growth toward the 38 that will be confirmed by the formation of the Bullish Cross with the SuperTrends lines.



Analysis of Murray levels for EUR USD "Euro to US Dollar" on March 7, 2016

On the 1 hour chart, the market is trading in the middle of levels construction. The confirmation of growth resuming will be the price comeback above the mark 48. If further euro fix above the 58 then the goal will be the line 88.



GBP USD "British Pound to US Dollar"

Analysis of Murray levels for GBP USD "British Pound to US Dollar" on March 7, 2016

After the SuperTrends lines has formed the Bullish Cross, Euro fix above the level 48. If price forms pullback from this level, the further increasing of the quotations toward the 68 will be possible.



Analysis of Murray levels for GBP USD "British Pound to US Dollar" on March 7, 2016

On the 1 hour chart, the price is trading in the "overbuying area". In case of pullback from the mark 88, the price can resume its growth. As soon the market fix above the SuperTrend line, the possibility of level 28 breakage will increase sufficiently.

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