Murrey Math Lines 07.03.2017 (EUR/USD, NZD/USD)

EUR USD, “Euro vs US Dollar”

Yesterday, 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. The closest target for bears is at the 3/8 level. After reaching it, the price may start a new ascending correction.

As we can see at the H1 chart, the +1/8 level provided resistance. On Tuesday, the pair may fall 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. In the nearest future, the market may test the 1/8 level. If the price rebounds from this level, the pair may start a new bullish correction.

At the H1 chart, the pair is trying to break the 1/8 level. If the market fixes below this level, it will continue falling. The closest target is at the -2/8 level. After this level is broken, the lines at the chart will be redrawn.

RoboForex Analytical Department