Murrey Math Lines 16.03.2015 (EUR/USD)

FXTM Online Analysis Department.

EUR USD, “Euro vs US Dollar”

Eurodollar is trying to stay below the 3/8 level and allow bears to continue pushing the price towards the 0/8one. The pair is supported by Super Trends. Possibly, in the nearest future the price may reach a new low.

At the H1 chart, last Friday Super Trends formed “bearish cross”. Considering that earlier the price had been able to stay below the 3/8 level. The next target will be at the 0/8 one. I’ve opened an additional sell order during a local correction.