Murrey Math Lines 04.05.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar”

Yesterday, the EUR/USD pair rebounded from the 7/8 level again and then fixed below the H4 Super Trend. As a result, in the nearest future the market may move downwards to reach the 5/8 level.

At the H1 chart, the pair rebounded from the 8/8 level and then Super Trends formed “bearish cross”. On Thursday, after completing the local correction, the market may continue falling towards the 3/8 level.

USD CHF, “US Dollar vs Swiss Franc”

The 2/8 level provided support again and, as a result, the USD/CHF pair resumed growing. If later the price stays above the 3/8 level, the market will continue moving upwards to reach the 4/8 one.

At the H1 chart, the pair failed to fix below the 1/8 level and the Super trends formed “bullish cross”. During the day, the local correction may take place, but later the market is expected to resume growing towards the 7/8 level.

RoboForex Analytical Department