Murrey Math Lines 07.04.2017 (EUR/USD, USD/CHF)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is still consolidating below the H4 Super Trend. In addition to that, the price rebounded from the 5/8 level several times, which means that the pair may resume moving downwards to reach the 1/8 one.
At the H1 chart, the -1/8 level provided resistance. Super Trends are still influenced by “bearish cross”. Later, the price is expected to break the -2/8 level, in this case, the lines at the chart will be redrawn.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating between the H4 Super Trend and the 5/8 level. In the nearest future, the price may start a new ascending movement. The closest target for bulls is at the 6/8 level.
At the H1 chart, the pair is consolidating between the 5/8 and 6/8 levels. If the price is able to stay above the 5/8 level, later the market mat resume moving upwards to reach the 8/8 one.
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