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Murrey Math Lines 15.03.2016 (EUR/USD, NZD/USD)

Analysis for March 15th, 2016

EUR USD, “Euro vs US Dollar”

Yesterday, Eurodollar broke the H4 Super Trend and stayed below it. It’s highly likely that in the nearest future the market may continue falling. The closest target for bears is at the 2/8 level and the weekly Super Trend.

At the H1 chart, Super Trends have formed “bearish cross”. Earlier, the price rebounded from the 7/8 level several times. It looks like during the day Eurodollar may continue falling towards the 4/8 level.

NZD USD, “New Zealand Dollar vs US Dollar”

At the H4 chart, New Zealand Dollar is moving between Super Trends. Last Friday, the pair rebounded from the 7/8 level once again. In the nearest future, the market is expected to continue moving downwards to reach the 3/8 level.

At the H1 chart, the pair is getting closer to the 1/8 level. If later the price breaks this level on the first try and stays below it, the pair may continue falling and reach the -2/8 one.

RoboForex Analytical Department

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