Murrey Math Lines 12.04.2017 (EUR/USD, USD/CHF)
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is still being corrected. On Wednesday, the price may reach a new local low. If later the pair fixes below the H4 Super Trend, the market may resume falling towards the 0/8 level.
At the H1 chart, the pair may test the 5/8 level. If later the price rebounds from this level, the market may resume falling and break its previous lows.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is trading between Super Trends. If later the price is able to stay below the 5/8 level, the market may start a new growth to reach the 7/8 one.
At the H1 chart, the pair may once again test the 3/8 level, which earlier provided support. If the price rebounds from this level, the market may resume moving upwards and break the local high.
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.