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Murrey Math Lines: EUR/USD, USD/ZAR

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 12, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Analysis for October 12th, 2015 EUR USD, “Euro vs US Dollar” The local growth continues. Probably, in the nearest future bulls may try to test the 8/8 level. If the price rebounds from this level, the market may resume moving downwards. At the H1 chart, the pair is supported by Super Trends. Considering that the price has been able to stay above the 2/8 level, the closest target is at the 4/8 one. The future scenario depends on how the price will move at the latter level. USD ZAR, “US Dollar

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