Murrey Math Lines 10.03.2017 (EUR/USD, USD/CHF)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is testing the 6/8 level and the daily Super Trend again. If the price rebounds from these levels, it may resume its decline. The closest target for bears is at the 2/8 level.
At the H1 chart, the pair is testing the downside border of the “overbought zone”. Possibly, on Friday the price may reach the +1/8 level. If later the pair rebounds from this level, the market may resume moving downwards.
USD CHF, “US Dollar vs Swiss Franc”
Yesterday, the USD/CHF pair rebounded from the 7/8 level. As a result, on Friday the price may resume moving upwards. If later the market breaks the +2/8 level, the lines at the chart will be redrawn.
At the H1 chart, the 3/8 level provided resistance. Consequently, in the future the price may test the 5/8 level. To confirm a new ascending movement, the market has to break this level and stay above it.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.