Murrey Math Lines 04.04.2017 (EUR/USD, GBP/USD)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair continues moving downwards Earlier, the price broke the 4/8 level and Super Trends formed “bearish cross”. As a result, in the nearest future the market may continue falling towards the 1/8 one.
At the H1 chart, the pair is moving below the -1/8 level inside the “oversold zone”. After finishing the local correction, the price may break the -2/8 level. In this case, the lines at the chart will be redrawn.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair rebounded from the 6/8 level and, as a result, started falling. Consequently, during the next several days the price may fall to reach the 2/8 level.
At the H1 chart, Super Trends formed “bearish cross”. If the price fixes below the 3/8 level in the nearest future, the market will continue moving downwards to reach the 0/8 one.
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