Murrey Math Lines 25.11.2015 (EUR/USD, EUR/JPY)
25.11.2015
Analysis for November 25th, 2015
EUR USD, “Euro vs US Dollar”
After rebounding from the -1/8 level, Eurodollar has started a local ascending correction. It’s highly likely that later the market may test the 0/8 level. If the price rebounds from it, the pair may resume falling.
At the H1 chart, the price is trying to stay above Super Trends, which means that the yesterday’s correction may continue. Later, after the price stays under the 0/8 level, I’m planning to open additional sell orders.
EUR JPY, “Euro vs Japanese Yen”
The pair has been able to stay inside “oversold zone”. It’s highly likely that in the nearest future the price may continue moving downwards. If the market breaks the -2/8 level, the lines at the chart will be redrawn.
At the H1 chart, the pair is being corrected near the 2/8 level. Earlier, the price rebounded from the H1 Super Trend several times. In the nearest future, the market may continue falling towards the 0/8 level.
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.