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Murrey Math Lines 28.03.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar”

Yesterday, the EUR/USD pair failed to stay above the 6/8 level and, as a result, may start a new descending correction. If later the price fixes below the 5/8 level and the daily Super Trend, the market may continue falling the 4/8 one.

At the H1 chart, the pair rebounded from 5/8 level and right now is trading at the 4/8 one. Consequently, if the price breaks the 3/8 level, the market may reach the 2/8 one soon.

 

USD CHF, “US Dollar vs Swiss Franc”

At the h4 chart, the USD/CHF pair rebounded from the 1/8 level. As a result, in the nearest future the price may move upwards to reach the daily Super Trend. If later the market breaks it, the pair may start a more significant bullish correction.

At the H1 chart, the 2/8 level provided resistance and, as a result, the pair started a short-term growth. On Tuesday, the price may test the 4/8 level. If later the pair fixes above this level, the market will continue moving upwards.

 

RoboForex Analytical Department

 


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  • avatar-2125
    • #

    U.S. dollar is a weak but I think that this situation helps oil prices.


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