Murrey Math Lines 17.03.2017 (EUR/USD, AUD/USD)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair broke the 8/8 level, which means that the price may continue moving upwards. If later the price rebounds from the +1/8 level, the market may return to the 8/8 one.
At the H1 chart, the closest target for bulls is at the +2/8 level. If the price breaks the 8/8 level and fixes below it, the market may start a short-term decline towards the 6/8 one.
AUD USD, “Australian Dollar vs US Dollar”
In case of the AUD/USD pair, Super Trends formed “bullish cross”. However, the +1/8 level is a strong resistance level as the price rebounded from it several times before. As a result, in the nearest future the market may start a short-term decline towards the 6/8 level.
The lines at the H4 and H1 charts are completely the same. Taking into account that the pair rebounded from Super Trends once again, on Friday the market is expected to grow towards the +2/8 level and break the local high.
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