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Murrey Math Lines: EUR/USD, NZD/USD

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysis for March 21st, 2016 EURUSD, “Euro vs US Dollar” Eurodollar is consolidating near the H4 Super Trend. Earlier, after rebounding from the 4/8 level, the pair wasn’t able to reach the 5/8 one. If later the price breaks the 4/8 level and stays under it, the pair may resume its decline with the first target at the daily Super Trend. At the H1 chart, Eurodollar is moving inside “overbought zone” and trying to say under Super Trends. Possibly, the pair may test the 8/8 level during the day.

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