Murrey Math Lines 28.02.2017 (EUR/USD, AUD/USD)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is still consolidating between Super Trends. Yesterday, the price rebounded from the 6/8 level. As a result, during the next several days the market may continue falling towards the 2/8 level.
At the H1 chart, the pair is moving in the middle. The 4/8 level provided resistance. In the nearest future, after finishing the local correction, the market may resume falling towards the 0/8 level.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair rebounded from the +1/8 level and then fixed below the 8/8 one, which means that it may continue moving downwards. The closest target is at the 6/8 level and the daily Super Trend. If the price breaks this level, the market will continue falling much faster.
At the H1 chart, the pair is consolidating between the 5/8 and 3/8 levels. On Tuesday, the price may test the 5/8 level again. If the market rebounds from this level, the pair will start a new decline towards the 0/8 one.
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