Murrey Math Lines 24.07.2015

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

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

Euro vs US Dollar

Eurodollar has rebounded from the daily Super Trend and the 2/8 level. I’m planning to open another sell order as soon as the pair is able to stay below the H4 Super Trend. In the future, the market may break the0/8 level.



At the H1 chart, the price is moving in the middle. If the price breaks the 2/8 level in the nearest future, I’m planning to open an additional sell order. Bears will return to the market after Super Trends form “bearish cross”.

US Dollar vs Canadian Dollar

Canadian Dollar is still trying to rebound from the H4 Super Trend. Probably, the pair may reach a new high during the day. Later, the market may reach the 8/8 level.



At the H1 chart, the price has been able to stay above the 5/8 level, which means that it may resume moving upwards. Bulls are supported by Super Trends. It looks like the pair may reach the 8/8 level in the nearest future.



 

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