RoboForex - Analytics


916.00 5.50/10
77% of positive reviews
How to join the service?

Murrey Math Lines 02.12.2016 (EUR/USD, GBP/USD)

Analysis for December 2nd, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is testing the daily Super Trend. In case the price rebounds from it, the market may resume moving downwards. To confirm a new decline, the pair has to fix below the -1/8 level.

At the H1 chart, the pair rebounded from the 6/8 level twice, which means that it may resume falling. The closest target is at the 4/8 level. The price will start moving towards this level after Super Trends form “bearish cross”.

GBP USD, “Great Britain Pound vs US Dollar”

Yesterday, the GBP/USD pair rebounded quickly from the 8/8 level. As a result, in the nearest future the market may fall towards the 6/8 level. If later the pair breaks this level, the market may continue falling much deeper.

At the H1 chart, the pair also rebounded from the 8/8 level and right now is trying to rebound from the 7/8 one. Consequently, on Friday the price may test the 5/8 level. If the pair breaks it, bears may reach the 4/8 level.

RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.

To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree