Murrey Math Lines 13.04.2015

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

Forex Trading |News Daily Update |FXTM Online Analysis Department.

EUR USD

The market continues reaching new lows. Earlier, Eurodollar rebounded from the 6/8 level several times. Last week, Super Trends formed “bearish cross”, this is why I’m still holding my sell orders.



As we can see at the H1 chart, after testing the -2/8 level the price may start a local correction. Super Trends provide support. If the price breaks the -2/8 level, the lines at the chart will be redrawn.

AUD USD

Finally, Australian Dollar was supported by the daily Super Trend and the 2/8 level. The closest target is still at the -2/8 level. After reaching it, the pair may start a new correction.



At the H1 chart, the pair is moving at the bottom. If later the market is able to stay below the 0/8 level, I’m planning to open another sell order. The closest target is at the -2/8 level; after the pair breaks it, the lines at the chart will be redrawn again.



 

Forex Trading |News Daily Update |FXTM Online Analysis Department.