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Murrey Math Lines 09.10.2017 (EUR/USD, USD/JPY)

09.10.2017

EUR USD, “Euro vs. US Dollar”

At the H4 chart, the EUR/USD pair couldn’t continue falling to reach its main target at 1.1596. By now, the price has broken the 0/8 level upwards and is moving above it at the moment, which means that the instrument may continue growing to reach the 3/8 one at 1.1901.

EURUSD1

At the H1 chart, the pair is expected to test the 0/8 level, rebound from it, and then resume growing towards 1.1901.

EURUSD2

 

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart, the USD/JPY pair is trading close to the 8/8 level at 112.50. if the price breaks this level, the instrument may resume falling towards the 5/8 one at 110.15.

 USDJPY1

As we can see at the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue falling to reach 110.15.

USDJPY2

 

RoboForex Analytical Department

 

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.


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