Murrey Math Lines 28.03.2017 (EUR/USD, USD/CHF)

EUR USD, “Euro vs US Dollar”

Yesterday, the EUR/USD pair failed to stay above the 6/8 level and, as a result, may start a new descending correction. If later the price fixes below the 5/8 level and the daily Super Trend, the market may continue falling the 4/8 one.

At the H1 chart, the pair rebounded from 5/8 level and right now is trading at the 4/8 one. Consequently, if the price breaks the 3/8 level, the market may reach the 2/8 one soon.

USD CHF, “US Dollar vs Swiss Franc”

At the h4 chart, the USD/CHF pair rebounded from the 1/8 level. As a result, in the nearest future the price may move upwards to reach the daily Super Trend. If later the market breaks it, the pair may start a more significant bullish correction.

At the H1 chart, the 2/8 level provided resistance and, as a result, the pair started a short-term growth. On Tuesday, the price may test the 4/8 level. If later the pair fixes above this level, the market will continue moving upwards.

RoboForex Analytical Department