Murrey Math Lines 10.02.2017 (EUR/USD, AUD/USD)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is trying to fix below the daily Super Trend. Earlier, the price rebounded from the +1/8 level twice and started the current decline. In the nearest future, the market may continue towards the 5/8 level.
At the H1 chart, Super Trends formed “bearish cross”. If the price breaks the 0/8 level and fixes below it, the pair may continue moving downwards to reach the -2/8 one. After the latter level is broken, the lines at the chart will be redrawn.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair rebounded from the 7/8 level and started a descending correction. The closest target for bears is at the daily Super Trend and the 6/8 level. If later the price rebounds from these levels, the market may start a new growth.
As we can see at the H1 chart, the pair failed to fix above the 5/8 level. Super Trends are still influenced by “bearish cross”. Possibly, on Friday the market may resume falling towards the 0/8 level.
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