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Murrey Math Lines: EUR/USD, NZD/USD

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysis for January 5th, 2016 EUR USD, “Euro vs US Dollar” As we can see at the H4 chart, Eurodollar is getting closer to the 0/8 level. If the price rebounds from this level, it may resume its growth. However, if the market breaks this level and stays below it, the pair will continue falling towards the -2/8 one. At the H1 chart, the pair is moving at the bottom as well; the current decline is supported by Super trends. Possibly, Eurodollar may try to test the 0/8 level during the day. NZD

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