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Analysis of Murray's levels for EUR/USD and GBP/USD on 18.07.2016

Analysis of Murray's levels on July 18, 2016

EUR USD "Euro to US Dollar"


Analysis of Murray's levels EUR USD "Euro to US Dollar" on July 18, 2016

Pullback from daily SuperTrend line accelerated resuming of the pair descending. If during Monday market breaks mark 1/8 and fixes below it, that will indicate the possibility of further descending of quotations towards level -2/8.



Analysis of Murray's levels EUR USD "Euro to US Dollar" on July 18, 2016

On 1 hour chart, SuperTrends lines formed "bearish cross", and earlier price formed double pullback from mark 5/8. So, in the short terms, after completion of local correction resuming of the pair descending is possible.



GBP USD "British Pound to US Dollar"

Analysis of Murray's levels GBP USD "British Pound to US Dollar" on July 18, 2016

The pair found resistance on mark 3/8, earlier from which double pullback was formed in the end of last week. And if in the nearest time market fixes below SuperTrends lines, beginning of new coil of the pair descending will be highly possible. Possible target for bears is Murray's level 0/8.



Analysis of Murray's levels GBP USD "British Pound to US Dollar" on July 18, 2016

On 1 hour chart, after pullback from mark 6/8, SuperTrends lines formed "bearish cross". Currently, market is in local correction, but if further the pair fixes below mark 3/8, resuming of descending toward level 0/8 will be possible.

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