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Murrey Math Lines 20.12.2016 (EUR/USD, AUD/USD

Analysis for December 20th, 2016

EUR USD, “Euro vs US Dollar”

After rebounding from the H4 Super Trend one more time, the EUR/USD pair is testing the 1/8 level again.  If the price breaks this level, the market may continue moving downwards to reach the 0/8 one.



At the H1 chart, the pair is moving below Super Trends. It’s highly likely that on Tuesday bears may try to fix below the 5/8 level. If they succeed, the market may continue falling towards the 4/8 one.




AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is still moving downwards inside the “oversold zone”. Taking into account that the price fixed below the -1/8 level, in the nearest future the market may continue falling towards the -2/8 one. In case this level is broken, the lines at the chart will be redrawn.



The lines at the H4 and H1 chart are completely the same. Yesterday, the pair reached a new low. The H1 Super Trend provides resistance. If the price rebounds from it, the market will reach the -2/8 level.



 
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  • avatar-6242
    • #

    I completely agree with it.


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