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Murrey Math Lines 25.08.2016 (EUR/USD, AUD/USD)

Analysis for August 25th, 2016

EUR USD, “Euro vs US Dollar”

At the H4 chart, the EUR/USD pair is moving between Super Trends. If later the price breaks the 4/8 level, the market will continue moving downwards to reach the 3/8 one.

As we can see at the H1 chart, the pair has rebounded from the 8/8 level and Super Trends have formed “bearish cross”. To continue pushing the price to the downside, bears have to break the daily Super Trend and the 4/8 level. If they succeed, the market will start a new descending movement.

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is “stuck” between Super Trends. If the price is able to stay under the 5/8 level, the market will continue moving downwards. In this case, the closest target for bears is at the 3/8 level.

At the H1 chart, the pair is trying to rebound from the 2/8 level. If the price is able to stay under this level, it will continue falling. Later, the market may reach the -2/8 level. In case this level is broken, the lines at the chart will be redrawn.

RoboForex Analytical Department

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