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Murrey Math Lines 29.03.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar”

After failing to stay above the 6/8 level, the EUR/USD pair fixed below the H4 Super Trend. Consequently, in the nearest future the market may continue falling to reach the 4/8 level.

At the H1 chart, Super Trends formed “bearish cross”. Considering that the pair managed to fix below the 3/8 level, it may continue moving downwards with the target at the 0/8 one.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair rebounded from the 1/8 level and, as a result, broke the H4 Super Trend. The closest target for bulls is at the 4/8 level. After reaching it, the price may start a local bearish correction.

As we can see at the H1 chart, Super Trends formed “bullish cross”. If later the price manages to fix above the 5/8 level, the market may continue moving upwards to reach the 8/8 one.

 

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