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Murrey Math Lines 25.03.2016 (EUR/USD, NZD/USD)

Analysis for March 25th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is still moving between Super Trends under the 4/8 level. Possibly, after completing the local correction, the pair may move towards the 3/8 level. If the price breaks this level, the market will continue its descending movement.

At the H1 chart, Eurodollar consolidating close to the 7/8 level. On Friday, the pair may grow a little towards Super Trends. If the price rebounds from them, it may resume moving downwards. In this case, the target will be at the 6/8 level.

NZD USD, “New Zealand Dollar vs US Dollar”

After rebounding from the 4/8 level and the H4 Super Trend, New Zealand Dollar is moving in the middle of the chart. It looks like in the nearest future the market may continue falling. The closest target for bears is at the 2/8 level.

The lines at the H4 and H1 charts are completely the same. The pair has rebounded from the H1 Super Trend and the 4/8 level, which means that it may reach a new local low on Friday. The further descending movement may be difficult because of Super Trends from major timeframes, but if the price breaks them, the market may continue falling.

RoboForex Analytical Department

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