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Murrey Math Lines: EUR/USD, AUD/USD

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysis for October 16th, 2015 EUR USD, “Euro vs US Dollar” Eurodollar is moving between Super Trends. If the price is able to stay below the 6/8 level, it will continue falling towards the daily Super Trend. If the market breaks it, the price may fall much deeper. As we can see at the H1 chart, Super Trends have formed “bearish cross”. if later the pair breaks the 3/8 level and stays below it, the market will continue moving downwards. In this case, the closest target will be at the 1/8

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