Murrey Math Lines 14.12.2016 (EUR/USD, AUD/USD
14.12.2016
Analysis for December 14th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair rebounded from the daily Super Trend. Earlier, the 1/8 level provided resistance and the price started plummeting. As a result, in the nearest future the market may continue falling towards the -2/8 level.
At the H1 chart, the pair is consolidating between Super Trends. If later the price fixes below the 2/8 level, the market may resume falling towards the 0/8 one.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair rebounded from the 3/8 level, which earlier provided resistance. Consequently, in the future the price may resume falling to reach the 0/8 level. To confirm this scenario, the market has to fix below Super Trends.
At the H1 chart, yesterday the pair rebounded from the +1/8 level. As a result, if the price stays below the 6/8 level, it may fall towards the 4/8 one in the nearest future. If later the latter level is broken, bears will push the price much deeper.
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