Murrey Math Lines 06.03.2017 (EUR/USD, NZD/USD)

EUR USD, “Euro vs US Dollar”

At the H4 chat, the EUR/USD pair rebounded from the 6/8 level and the daily Super Trend. As a result, in the nearest future the market may resume falling towards the 2/8 level. After reaching it, the price may start a new ascending correction.

As we can see at the H1 chart, the pair rebounded from the 8/8 level twice. Consequently, in the nearest future the market may resume falling towards the 4/8 level. If later the price breaks this level, bears may continue pushing it to the downside.

NZD USD, “New Zealand Dollar vs US Dollar”

The NZD/USD pair is still falling under the H4 Super Trend. If the price fixes below the 3/8 level, the market may continue falling towards the 1/8 one.

At the H1 chart, the pair is probably about to complete the local correction. To confirm a new descending movement, the market has to fix below the 2/8 level and the H1 Super Trend.

RoboForex Analytical Department