Murrey Math Lines 15.12.2015 (EUR/USD, USD/CAD)
15.12.2015
Analysis for December 15th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is trying to break the 2/8 level. If the price breaks it and the H4 Super Trend as well, the pair may start a correction. The first target for bears will be at the 1/8 level.
The lines at the H4 and H1 charts are completely the same. Possibly, the market may start a descending correction during the day. If the price breaks the 1/8 level and stays below it, the correction may become much deeper.
USD CAD, “US Dollar vs Canadian Dollar”
Canadian Dollar is still moving above the 8/8 level inside “overbought zone”. The current growth is supported by the H4 Super Trend. In the future, the market may continue growing towards the +2/8 level.
At the H1 chart, the price is also moving at the top; Super Trends provide support. During the day, the pair may resume growing and break the +2/8 level. In this case, the lines at the chart will be redrawn.
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