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Murrey Math Lines: EUR/USD, GBP/JPY

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysis for February 16th, 2016 EUR USD, “Euro vs US Dollar” At the H4 chart, Eurodollar is moving between Super Trends. If the price breaks the 3/8 level and stays below it, the current descending correction may become deeper. In this case, the target will be at the 2/8 level. At the H1 chart, Super Trends have formed “bearish cross”. Right now, the price is trying to stay under the 3/8 level. If it succeeds, the market will continue falling much deeper towards the 0/8 level. GBP JPY, “Great

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