Murray Math Lines 25.07.2017 (AUD/CHF, EUR/USD)

AUD/CHF

The AUD/CHF pair has rebounded from the 8/8 resistance level (0.7568) on its H4-chart. Currently it is moving towards 5/8 level (0.7385). It is not improbable that we will see yet another leg towards 8/8 level, and then the price can rebound from it and move lower towards 5/8 level.

A rebound from the 5/8 level can trigger a further downward move towards 0.7385 level.

In case the price rebounds from the lower line of VoltyChannel indicator on M15 period, price can continue moving lower. In this case the price can decline to rise further towards 0.7568.

EUR/USD

The EUR/USD can still rise further towards 8/8 level on the H4-chart. When it reaches the level, it can rebound from it and move lower towards 5/8 level (1.1535).

On the H1-chart the Murray levels are completely matched with ones of the H4-chart, and this is confirmed by the current scenario.

If the lower edge of VoltyChannel indicator is broken on M15-chart, the price will most probably continue falling down. If this scenario realizes, the price can refrain from further rise towards 1.1718.