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Murrey Math Lines: EUR/USD, USD/CAD

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Analysis for January 7th, 2016 EURUSD, “Euro vs US Dollar” After rebounding from the 0/8 level twice, Eurodollar has started an ascending correction. If later the market rebounds from the daily Super Trend, it may continue falling towards the - 1/8 level. As we can see at the H1 chart, Super Trends have formed “bullish cross”, which means that the current correction may yet continue. If the 4/8 level provides resistance and the pair rebounds from it, I’m planning to open a sell order, but only

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