Murrey Math Lines 17.04.2017 (EUR/USD, USD/CAD)
EUR USD, “Euro vs US Dollar”
After rebounding from the daily Super Trend, the EUR/USD pair is trying to resume falling. If the price fixes below the H4 Super Trend during the day, the market may continue moving downwards to reach the 0/8 level.
At the H1 chart, the pair tested the 6/8 level and rebounded from it. To confirm a new decline, the price has to fix below Super Trends. The closest target for bears is at the 0/8 level.
USD CAD, “US Dollar vs Canadian Dollar”
The USD/CAD pair rebounded from the 1/8 level and, as a result, started growing quickly and broke the H4 Super Trend. After finishing the local correction, the market may continue growing and test the 4/8 level.
At the H1 chart, Super Trends formed “bullish cross”. If later the pair stays above the 5/8 level, the price will continue moving towards the 8/8 level. After reaching it, the market may start a new bearish correction.
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